Jefferies Financial Group began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) in a report released on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $115.00 target price on the stock.
A number of other research analysts also recently commented on the stock. UBS Group increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, July 29th. Sanford C. Bernstein boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, Guggenheim increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.57.
Check Out Our Latest Report on Liberty Media Corporation – Liberty Formula One Series C
Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.2%
Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $952.78 million. On average, equities analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 2 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.31% of the stock is owned by company insiders.
Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the fourth quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after buying an additional 188 shares in the last quarter. Allied Private Wealth LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth approximately $32,000. Advisory Services Network LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at $34,000. Headlands Technologies LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $38,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $39,000. 92.26% of the stock is currently owned by institutional investors.
About Liberty Media Corporation – Liberty Formula One Series C
Liberty Media Corporation’s Liberty Formula One Group, represented by the Series C Liberty Formula One common stock (NASDAQ: FWONK), is a tracking-stock group tied primarily to the company’s interests in Formula 1. The group’s principal business is the ownership and operation of the Formula 1 racing series, including its commercial rights, media and broadcasting activities, race promotion, sponsorship programs and digital products.
Formula 1 organizes the FIA Formula One World Championship, an international motorsport series featuring races hosted in markets across Europe, North America, Asia, the Middle East and other regions.
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