Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Upgraded at Zacks Research

Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other analysts have also issued reports about 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 reiterated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $108.00.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of NASDAQ:FWONA opened at $77.43 on Wednesday. The company has a fifty day moving average of $81.82 and a 200-day moving average of $87.42. The company has a market capitalization of $19.36 billion, a PE ratio of 35.20 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $68.00 and a 52-week high of $99.52.

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

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 83,536 shares of the firm’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 transaction of $8,098,815.20. Following the completion of the transaction, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.97% of the company’s stock.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

A number of hedge funds have recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 196.2% in the second quarter. Assetmark Inc. now owns 391 shares of the company’s stock valued at $37,000 after buying an additional 259 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth about $793,000. Credit Industriel ET Commercial bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth about $3,256,000. Vise Technologies Inc. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth about $808,000. Finally, S&CO Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 0.6% in the 2nd quarter. S&CO Inc. now owns 67,947 shares of the company’s stock valued at $6,452,000 after purchasing an additional 393 shares during the period. Institutional investors own 8.38% of the company’s stock.

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.