Zacks Research Initiates Coverage on Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA)

Zacks Research initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in a research note issued on Monday, Zacks reports. The brokerage set a “hold” rating on the stock.

FWONA has been the subject of several other research reports. Guggenheim increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. TD Cowen upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $107.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A presently has a consensus rating of “Moderate Buy” and an average price target of $114.25.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 1.0%

FWONA stock opened at $103.87 on Monday. The stock has a market capitalization of $26.02 billion, a P/E ratio of 119.39 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $104.02. The firm has a 50-day moving average price of $87.32 and a 200-day moving average price of $84.87.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.13). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Several hedge funds have recently added to or reduced their stakes in FWONA. GAMMA Investing LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 11.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $127,000 after acquiring an additional 148 shares during the last quarter. State of Wyoming raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 8.5% during the third quarter. State of Wyoming now owns 3,586 shares of the company’s stock valued at $303,000 after acquiring an additional 281 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 235.5% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock valued at $35,000 after acquiring an additional 292 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 17.5% during the third quarter. Allworth Financial LP now owns 1,968 shares of the company’s stock worth $172,000 after purchasing an additional 293 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 13.2% during the second quarter. QRG Capital Management Inc. now owns 3,895 shares of the company’s stock worth $341,000 after purchasing an additional 454 shares during the period. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.