Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives Average Recommendation of “Buy” from Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been given an average rating of “Buy” by the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $103.40.

A number of research firms have commented on FWONA. Citigroup upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, March 27th. Citizens Jmp began coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price on the stock. Finally, Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

NASDAQ FWONA opened at $82.07 on Friday. The firm’s 50-day moving average is $79.92 and its two-hundred day moving average is $83.21. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52. The stock has a market capitalization of $20.56 billion, a P/E ratio of 37.65 and a beta of 0.50.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series A

Institutional investors and hedge funds have recently bought and sold shares of the business. TD Waterhouse Canada Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the third quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock valued at $31,000 after purchasing an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after purchasing an additional 371 shares in the last quarter. Finally, State of Wyoming acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at approximately $66,000. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.