Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock Has Consensus Target Price of $114.67 According to Analysts

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been given an average rating of “Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $114.67.

Several analysts recently commented on FWONA shares. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. 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 report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 3.5%

Liberty Media Corporation – Liberty Formula One Series A stock opened at $90.91 on Friday. The business’s 50-day moving average price is $86.67 and its 200 day moving average price is $84.47. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $73.70 and a 52 week high of $98.79. The firm has a market cap of $22.77 billion, a price-to-earnings ratio of 133.68 and a beta of 0.52.

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

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series A

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in Liberty Media Corporation – Liberty Formula One Series A by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock worth $118,593,000 after purchasing an additional 191,619 shares during the last quarter. Madison Asset Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at approximately $131,567,000. Janus Henderson Group PLC increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the first quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company’s stock valued at $78,560,000 after purchasing an additional 10,603 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at $56,066,000. Finally, Hawk Ridge Capital Management LP boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 47.3% in the first quarter. Hawk Ridge Capital Management LP now owns 441,500 shares of the company’s stock valued at $34,472,000 after acquiring an additional 141,700 shares during the last quarter. 8.38% of the stock is owned by hedge funds and other institutional investors.

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.