Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Upgraded to “Strong-Buy” at Zacks Research

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on FWONA. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, December 29th. Sanford C. Bernstein upgraded shares of 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. Finally, Benchmark reiterated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $108.00.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of FWONA stock opened at $77.56 on Wednesday. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $99.52. The firm has a market cap of $19.39 billion, a PE ratio of 35.25 and a beta of 0.50. The company has a 50-day moving average of $82.04 and a two-hundred day moving average of $87.51.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series A

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.97% of the stock is owned by corporate insiders.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 34.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock worth $118,630,000 after buying an additional 337,607 shares during the last quarter. Norges Bank acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at approximately $96,078,000. Janus Henderson Group PLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 995,541 shares of the company’s stock valued at $88,981,000 after acquiring an additional 20,683 shares during the period. Sculptor Capital LP grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.7% during the second quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock worth $71,220,000 after acquiring an additional 12,786 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the 2nd quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after acquiring an additional 7,113 shares during the period. 8.38% of the stock is owned by hedge funds and other institutional investors.

About Liberty Media Corporation – Liberty Formula One Series A

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.