Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its price target lifted by analysts at Wells Fargo & Company from $86.00 to $94.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 7.84% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Bank of America began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, August 4th. They set a “neutral” rating and a $110.00 price target on the stock. UBS Group increased their target price on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.11.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Liberty Media Corporation – Liberty Formula One Series C stock traded down $1.22 during midday trading on Thursday, reaching $102.00. The stock had a trading volume of 1,899,612 shares, compared to its average volume of 1,554,471. The stock’s 50-day simple moving average is $101.40 and its 200 day simple moving average is $99.55. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The stock has a market capitalization of $22.81 billion, a PE ratio of 130.77 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. Equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

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

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 5,651 shares of company stock worth $572,250 over the last 90 days. Insiders own 4.31% of the company’s stock.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. GW&K Investment Management LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the first quarter valued at about $25,000. HighPoint Advisor Group LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 22.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company’s stock worth $382,000 after acquiring an additional 779 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 22.7% in the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after purchasing an additional 23,809 shares in the last quarter. Allstate Corp grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.8% during the first quarter. Allstate Corp now owns 8,253 shares of the company’s stock worth $743,000 after purchasing an additional 2,087 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the first quarter valued at $2,370,000. 92.26% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.