Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $111.75.
A number of analysts recently issued reports on the company. Weiss Ratings raised Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. reduced their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Wells Fargo & Company upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. UBS Group lowered their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th.
Check Out Our Latest Stock Analysis on Liberty Media Corporation – Liberty Formula One Series C
Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in FWONK. Vanguard Group Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after buying an additional 715,525 shares during the period. Principal Financial Group Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock worth $1,250,671,000 after acquiring an additional 129,822 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.9% in the 1st quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock valued at $925,299,000 after acquiring an additional 302,191 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.1% in the 3rd quarter. Schroder Investment Management Group now owns 8,843,048 shares of the company’s stock valued at $923,656,000 after acquiring an additional 186,077 shares in the last quarter. Finally, Silver Point Capital L.P. bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter valued at about $302,000. Institutional investors own 92.26% of the company’s stock.
Liberty Media Corporation – Liberty Formula One Series C Price Performance
Shares of FWONK stock opened at $88.93 on Monday. The company’s fifty day simple moving average is $89.16 and its two-hundred day simple moving average is $89.57. 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 capitalization of $19.93 billion, a price-to-earnings ratio of 40.79 and a beta of 0.47.
Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $711.00 million during the quarter, compared to the consensus estimate of $683.42 million. Equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current year.
Liberty Media Corporation – Liberty Formula One Series C Company Profile
Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.
The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.
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