Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) passed above its 200-day moving average during trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a 200-day moving average of $91.91 and traded as high as $92.75. Liberty Media Corporation – Liberty Formula One Series C shares last traded at $92.61, with a volume of 2,342,423 shares trading hands.
Other research analysts also recently issued research reports about the company. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a research note on Sunday, October 11th. Sanford C. Bernstein raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Wells Fargo & Company cut their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $96.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 29th. Bank of America boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and an average target price of $115.50.
View Our Latest Analysis on Liberty Media Corporation – Liberty Formula One Series C
Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C
A number of institutional investors and hedge funds have recently modified their holdings of the company. MGO One Seven LLC raised its position in Liberty Media Corporation – Liberty Formula One Series C by 1.4% in the third quarter. MGO One Seven LLC now owns 8,456 shares of the company’s stock valued at $781,000 after purchasing an additional 113 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.2% during the third quarter. Yousif Capital Management LLC now owns 3,034 shares of the company’s stock valued at $280,000 after purchasing an additional 123 shares in the last quarter. Parcion Private Wealth LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.4% during the third quarter. Parcion Private Wealth LLC now owns 2,550 shares of the company’s stock valued at $236,000 after purchasing an additional 153 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 18.8% during the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock worth $104,000 after purchasing an additional 178 shares during the last quarter. Finally, NewEdge Wealth LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.3% during the first quarter. NewEdge Wealth LLC now owns 6,142 shares of the company’s stock worth $522,000 after purchasing an additional 196 shares during the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.
Liberty Media Corporation – Liberty Formula One Series C Price Performance
The company has a fifty day moving average price of $94.94 and a two-hundred day moving average price of $91.92. The company has a market capitalization of $20.74 billion, a P/E ratio of 135.99 and a beta of 0.46.
Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $952.78 million. As a group, sell-side analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 earnings per share for the current year.
About Liberty Media Corporation – Liberty Formula One Series C
Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.
Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.
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