Analysts Set Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) PT at $103.00

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $108.00.

FWONA has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Benchmark reaffirmed a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series A

In related news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock worth $937,000 after purchasing an additional 120 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock worth $859,000 after acquiring an additional 123 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 19.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock valued at $85,000 after acquiring an additional 143 shares during the period. Finally, TD Waterhouse Canada Inc. boosted 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 acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 2.8%

Shares of NASDAQ FWONA opened at $81.59 on Monday. The stock’s 50-day moving average is $82.90 and its 200 day moving average is $87.78. The stock has a market cap of $20.40 billion, a price-to-earnings ratio of 104.60 and a beta of 0.55. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $99.52.

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.