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

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $108.00.

Several analysts recently issued reports on FWONA shares. 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. 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. Finally, Zacks Research 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 Wednesday, March 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock valued at $937,000 after acquiring an additional 120 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock valued at $859,000 after acquiring an additional 123 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 125 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 worth $85,000 after purchasing an additional 143 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the 4th 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. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA opened at $76.02 on Friday. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 34.55 and a beta of 0.50. The firm’s fifty day moving average is $79.48 and its 200 day moving average is $86.22. 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.

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.