Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Given Consensus Rating of “Moderate Buy” by Brokerages

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $103.00.

Several research analysts recently issued reports on the company. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Benchmark reissued a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. Zacks Research cut Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, December 29th.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In related news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. This represents a 46.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction on Friday, November 7th. The shares were 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 of the company’s stock, valued at approximately $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 368,363 shares of company stock worth $36,650,423 over the last ninety days. Insiders own 2.97% of the company’s stock.

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

Several institutional investors and hedge funds have recently modified their holdings of FWONA. Norges Bank acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at $96,078,000. Principal Financial Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 34.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock worth $118,630,000 after purchasing an additional 337,607 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the third quarter worth $14,953,000. Highbridge Capital Management LLC grew its position in Liberty Media Corporation – Liberty Formula One Series A by 27.8% in the 2nd quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after buying an additional 79,413 shares during the last quarter. Finally, Cooper Investors PTY Ltd. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 117.4% in the 3rd quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company’s stock valued at $10,758,000 after buying an additional 61,011 shares during the period. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of NASDAQ FWONA opened at $78.97 on Thursday. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $68.00 and a fifty-two week high of $99.52. The company has a market cap of $19.75 billion, a price-to-earnings ratio of 101.24 and a beta of 0.55. The business’s 50 day moving average price is $85.22 and its 200-day moving average price is $89.13.

About Liberty Media Corporation – Liberty Formula One Series A

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.