Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Get Free Report) have been given an average rating of “Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $114.67.
FWONA has been the topic of several research analyst reports. Guggenheim raised their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd.
Get Our Latest Stock Analysis on Liberty Media Corporation – Liberty Formula One Series A
Liberty Media Corporation – Liberty Formula One Series A Stock Down 0.7%
Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – 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 business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $954.37 million.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 11.0% in the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $127,000 after purchasing an additional 148 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 235.5% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock worth $35,000 after buying an additional 292 shares during the last quarter. CX Institutional bought a new position in Liberty Media Corporation – Liberty Formula One Series A in the 3rd quarter valued at about $59,000. QRG Capital Management Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 13.2% in the 2nd quarter. QRG Capital Management Inc. now owns 3,895 shares of the company’s stock valued at $341,000 after acquiring an additional 454 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 13.3% during the second quarter. Sequoia Financial Advisors LLC now owns 7,734 shares of the company’s stock valued at $677,000 after buying an additional 910 shares during the last quarter. 8.38% of the stock is owned by institutional investors.
About Liberty Media Corporation – Liberty Formula One Series A
Liberty Media Corporation’s Liberty Formula One Group is represented by the Liberty Formula One Series A tracking stock, traded under the symbol FWONA on the Nasdaq. The group primarily reflects Liberty Media’s ownership and operation of Formula 1, the global motorsport championship. Its business includes managing Formula 1’s commercial rights, promoting races, negotiating media and sponsorship agreements, and developing licensing and hospitality opportunities associated with the sport.
Formula 1 serves an international audience through a calendar of races hosted across Europe, the Americas, Asia, the Middle East and Australia.
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