Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives Consensus Rating of “Buy” from Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have earned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $110.00.

Several equities research analysts have recently weighed in on FWONA shares. Citizens Jmp reissued a “market outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, June 24th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 0.9%

Shares of NASDAQ FWONA opened at $89.27 on Thursday. The business has a 50-day moving average price of $85.37 and a 200 day moving average price of $82.24. The stock has a market cap of $22.36 billion, a PE ratio of 40.95 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $73.70 and a 52-week high of $99.52.

Insider Activity

In related news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the transaction, the director owned 94,356 shares in the company, valued at $8,518,459.68. The trade was a 51.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 33.6% during the second quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock worth $365,000 after purchasing an additional 968 shares during the period. M&T Bank Corp increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 25.7% in the 2nd quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock valued at $311,000 after buying an additional 670 shares during the period. Amundi increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 29.2% in the 2nd quarter. Amundi now owns 14,450 shares of the company’s stock valued at $1,336,000 after buying an additional 3,264 shares during the period. Daiwa Securities Group Inc. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 54.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company’s stock worth $251,000 after buying an additional 929 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company’s stock worth $15,112,000 after acquiring an additional 4,459 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 – 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.