Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives $117.57 Consensus Price Target from Brokerages

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $117.5714.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. UBS Group raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Jefferies Financial Group initiated coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, September 9th. They set a “buy” rating and a $115.00 price target on the stock. Bank of America raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Finally, Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong sell” rating in a report on Saturday, August 8th.

Get Our Latest Stock Report on Liberty Media Corporation – Liberty Formula One Series C

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 company. Janus Henderson Group PLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.9% in the first quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock worth $925,299,000 after acquiring an additional 302,191 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock worth $505,297,000 after purchasing an additional 645,996 shares in the last quarter. Bank of America Corp DE grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 43.2% during the 1st quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock worth $387,845,000 after buying an additional 1,376,984 shares during the last quarter. Jericho Capital Asset Management L.P. increased its position in Liberty Media Corporation – Liberty Formula One Series C by 17.8% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,542,396 shares of the company’s stock valued at $447,471,000 after buying an additional 688,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,983,116 shares of the company’s stock valued at $391,290,000 after buying an additional 36,599 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $94.62 on Wednesday. The firm’s 50-day moving average is $99.30 and its 200 day moving average is $92.82. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $109.36. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 139.15 and a beta of 0.43.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKGet Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. On average, equities analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 2 EPS for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

(Get Free Report)

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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Analyst Recommendations for Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK)

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