Analysts Set Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) PT at $104.50

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $104.50.

Several equities analysts have weighed in on the stock. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Citizens Jmp assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price on the stock. Citigroup lowered their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th.

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

Several hedge funds have recently modified their holdings of FWONA. American Century Companies Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 33.6% in the second quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock worth $365,000 after buying an additional 968 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.7% in the second quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock worth $311,000 after buying an additional 670 shares in the last quarter. Amundi lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 29.2% in the second quarter. Amundi now owns 14,450 shares of the company’s stock worth $1,336,000 after buying an additional 3,264 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 54.2% in the second quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company’s stock worth $251,000 after buying an additional 929 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.9% in the second quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company’s stock worth $15,112,000 after buying an additional 4,459 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of NASDAQ:FWONA opened at $82.44 on Tuesday. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $72.72 and a 1-year high of $99.52. The company has a market capitalization of $20.65 billion, a P/E ratio of 37.47 and a beta of 0.59. The firm’s 50 day simple moving average is $79.13 and its two-hundred day simple moving average is $84.82.

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.