Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $91.69 and traded as low as $88.60. Liberty Media Corporation – Liberty Formula One Series A shares last traded at $89.70, with a volume of 158,528 shares traded.
Analyst Ratings Changes
Several research analysts have issued reports on FWONA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 24th. Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Guggenheim increased their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $114.67.
Read Our Latest Stock Analysis on FWONA
Liberty Media Corporation – Liberty Formula One Series A Trading Down 1.5%
Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $954.37 million.
Insider Activity
In other news, insider Renee Wilm sold 11,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This trade represents a 42.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.
Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series A
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 33.6% during the 2nd quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock worth $365,000 after purchasing an additional 968 shares during the period. M&T Bank Corp lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.7% in the second quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock valued at $311,000 after purchasing an additional 670 shares during the period. Amundi boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 29.2% during the second quarter. Amundi now owns 14,450 shares of the company’s stock worth $1,336,000 after buying an additional 3,264 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 54.2% during the second quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company’s stock worth $251,000 after buying an additional 929 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position 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 buying an additional 4,459 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.
Liberty Media Corporation – Liberty Formula One Series A Company Profile
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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