Brokerages Set Liberty Media Formula One Series A (NASDAQ:FWONA) Target Price at $43.50

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Shares of Liberty Media Formula One Series A (NASDAQ:FWONA) have earned an average rating of “Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $43.50.

FWONA has been the subject of a number of research reports. B. Riley upgraded shares of Liberty Media Formula One Series A from a “neutral” rating to a “buy” rating and increased their target price for the stock from $35.00 to $46.00 in a research report on Thursday, May 16th. JPMorgan Chase & Co. upgraded shares of Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $50.00 in a research report on Thursday, August 15th. TheStreet upgraded shares of Liberty Media Formula One Series A from a “d+” rating to a “c” rating in a research report on Friday, May 17th. Finally, Evercore ISI began coverage on shares of Liberty Media Formula One Series A in a research report on Thursday, May 23rd. They set an “outperform” rating and a $40.00 target price for the company.

In other news, Director Andrea L. Wong sold 1,741 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total transaction of $46,153.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Albert E. Rosenthaler sold 3,398 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $28.22, for a total value of $95,891.56. Following the transaction, the insider now owns 9,990 shares of the company’s stock, valued at $281,917.80. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently bought and sold shares of FWONA. Royal London Asset Management Ltd. bought a new stake in Liberty Media Formula One Series A in the first quarter worth $39,000. US Bancorp DE increased its stake in Liberty Media Formula One Series A by 62.7% in the second quarter. US Bancorp DE now owns 1,754 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares during the period. Pathstone Family Office LLC increased its stake in Liberty Media Formula One Series A by 562.9% in the second quarter. Pathstone Family Office LLC now owns 2,718 shares of the company’s stock worth $97,000 after purchasing an additional 2,308 shares during the period. Machina Capital S.A.S. purchased a new stake in Liberty Media Formula One Series A in the second quarter worth $185,000. Finally, KBC Group NV purchased a new stake in Liberty Media Formula One Series A in the second quarter worth $213,000. Hedge funds and other institutional investors own 10.00% of the company’s stock.

NASDAQ FWONA traded down $0.27 during trading hours on Friday, reaching $38.15. 52,329 shares of the company were exchanged, compared to its average volume of 99,576. Liberty Media Formula One Series A has a 1 year low of $26.63 and a 1 year high of $39.94. The business’s 50 day simple moving average is $37.61 and its 200-day simple moving average is $35.71. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $8.71 billion, a P/E ratio of -58.69 and a beta of 0.93.

Liberty Media Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.33) earnings per share (EPS) for the quarter. The company had revenue of $620.00 million for the quarter. Liberty Media Formula One Series A had a negative return on equity of 1.64% and a negative net margin of 18.41%. As a group, sell-side analysts anticipate that Liberty Media Formula One Series A will post -0.55 earnings per share for the current year.

About Liberty Media Formula One Series A

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Analyst Recommendations for Liberty Media Formula One Series A (NASDAQ:FWONA)

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