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

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been given an average rating of “Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $114.67.

FWONA has been the topic of a number of research analyst reports. Citizens Jmp reiterated a “market outperform” rating and set a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, September 21st. Guggenheim increased their price objective 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 research report on Wednesday, July 22nd.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA opened at $86.67 on Tuesday. The company has a market capitalization of $21.71 billion, a PE ratio of 127.46 and a beta of 0.53. The stock’s fifty day moving average is $89.84 and its 200-day moving average is $86.01. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $98.79.

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

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

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% during the first quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock worth $12,475,000 after purchasing an additional 13,908 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at approximately $4,033,000. Gabelli Funds LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 13.8% during the 1st quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock worth $11,532,000 after acquiring an additional 17,950 shares during the last quarter. S&CO Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth about $5,624,000. Finally, Engineers Gate Manager LP boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 4,106.5% during the 2nd quarter. Engineers Gate Manager LP now owns 174,442 shares of the company’s stock valued at $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 Group is represented by the Liberty Formula One Series A tracking stock, traded under the symbol FWONA on the Nasdaq. The group primarily reflects Liberty Media’s ownership and operation of Formula 1, the global motorsport championship. Its business includes managing Formula 1’s commercial rights, promoting races, negotiating media and sponsorship agreements, and developing licensing and hospitality opportunities associated with the sport.

Formula 1 serves an international audience through a calendar of races hosted across Europe, the Americas, Asia, the Middle East and Australia.