Brokerages Set Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target at $102.40

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONAGet Free Report) has received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $103.40.

FWONA has been the subject of a number of research reports. Citigroup upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday. Citizens Jmp initiated coverage on Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They set a “market outperform” rating and a $100.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, March 27th. Finally, Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st.

View Our Latest Analysis on FWONA

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 33.6% in the 2nd quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock valued at $365,000 after purchasing 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 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 boosted its stake 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 valued at $1,336,000 after buying an additional 3,264 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake 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 valued at $251,000 after buying an additional 929 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 2.9% during the second 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. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

FWONA stock opened at $83.87 on Friday. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 38.47 and a beta of 0.50. The company has a fifty day moving average price of $79.81 and a 200 day moving average price of $83.24. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52.

About Liberty Media Corporation – Liberty Formula One Series A

(Get Free Report)

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.

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

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