Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Given New $113.00 Price Target at TD Cowen

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) had its target price hoisted by analysts at TD Cowen from $107.00 to $113.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen‘s price target would indicate a potential upside of 10.14% from the stock’s previous close.

A number of other analysts have also recently commented on FWONA. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Guggenheim raised their price target on shares of 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, Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $114.25.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 0.2%

NASDAQ:FWONA traded down $0.23 during mid-day trading on Tuesday, reaching $102.60. The company’s stock had a trading volume of 72,500 shares, compared to its average volume of 173,456. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $73.70 and a 1 year high of $103.55. The stock has a fifty day moving average of $87.08 and a 200-day moving average of $84.75. The firm has a market capitalization of $25.70 billion, a PE ratio of 118.47 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.13). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FWONA. Boyar Asset Management Inc. purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the third quarter valued at $882,000. Intech Investment Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the third quarter valued at about $354,000. Allworth Financial LP increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 17.5% during the third quarter. Allworth Financial LP now owns 1,968 shares of the company’s stock worth $172,000 after purchasing an additional 293 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 53.2% during the third quarter. Russell Investments Group Ltd. now owns 52,641 shares of the company’s stock worth $4,455,000 after purchasing an additional 18,287 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the third quarter worth about $1,828,000. 8.38% of the stock is owned by institutional investors and hedge funds.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights.

The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.

Liberty Media acquired Formula 1 in 2017.