Analysts Set Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Price Target at $112.33

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has been given an average rating of “Moderate Buy” by the thirteen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $112.3333.

FWONK has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. Wells Fargo & Company boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Zacks Research lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Finally, Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the transaction, the insider directly owned 21,037 shares in the company, valued at approximately $1,933,089.93. This trade represents a 34.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, the director owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 368,363 shares of company stock valued at $36,650,423 in the last three months. Corporate insiders own 4.31% of the company’s stock.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FWONK. Russell Investments Group Ltd. boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock valued at $11,570,000 after purchasing an additional 23,809 shares during the period. Allstate Corp grew its position in Liberty Media Corporation – Liberty Formula One Series C by 33.8% in the 1st quarter. Allstate Corp now owns 8,253 shares of the company’s stock worth $743,000 after purchasing an additional 2,087 shares during the last quarter. Strs Ohio acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the first quarter valued at approximately $2,370,000. Voya Investment Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 25.8% during the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company’s stock valued at $5,618,000 after acquiring an additional 12,817 shares during the period. Finally, Swedbank AB boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 210.6% during the 1st quarter. Swedbank AB now owns 21,781 shares of the company’s stock valued at $1,961,000 after purchasing an additional 14,768 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.1%

Shares of NASDAQ FWONK opened at $97.18 on Monday. The firm has a fifty day moving average of $97.06 and a 200-day moving average of $99.99. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36. The stock has a market capitalization of $24.30 billion, a PE ratio of 124.59 and a beta of 0.48.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.18). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.