Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $84.37 and traded as high as $85.73. Liberty Media Corporation – Liberty Formula One Series A shares last traded at $85.62, with a volume of 194,192 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FWONA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. Guggenheim lifted their price target on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A has an average rating of “Buy” and a consensus price target of $114.67.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

The firm has a 50 day moving average of $87.18 and a 200-day moving average of $84.38. The stock has a market capitalization of $21.32 billion, a PE ratio of 125.19 and a beta of 0.53.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $954.37 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% in the first quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock worth $12,475,000 after buying an additional 13,908 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth approximately $4,033,000. S&CO Inc. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth approximately $5,624,000. Gabelli Funds LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 13.8% in the 1st quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock worth $11,532,000 after purchasing an additional 17,950 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 4,106.5% during the second quarter. Engineers Gate Manager LP now owns 174,442 shares of the company’s stock worth $15,271,000 after purchasing an additional 170,295 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.