Brokerages Set Liberty Media Formula One Series C (NASDAQ:FWONK) Target Price at $45.00

Liberty Media Formula One Series C (NASDAQ:FWONK) has earned a consensus rating of “Buy” from the five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $48.00.

Several analysts recently commented on the stock. ValuEngine downgraded shares of Liberty Media Formula One Series C from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised shares of Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $50.00 in a research report on Thursday, August 15th.

Several large investors have recently modified their holdings of FWONK. Vanguard Group Inc. raised its stake in Liberty Media Formula One Series C by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 17,142,532 shares of the company’s stock worth $641,302,000 after acquiring an additional 55,655 shares during the period. Caledonia Private Investments Pty Ltd raised its stake in Liberty Media Formula One Series C by 17.3% during the second quarter. Caledonia Private Investments Pty Ltd now owns 12,882,837 shares of the company’s stock valued at $481,947,000 after purchasing an additional 1,902,777 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Liberty Media Formula One Series C by 9.1% in the 2nd quarter. BlackRock Inc. now owns 10,485,813 shares of the company’s stock valued at $392,275,000 after acquiring an additional 878,522 shares during the last quarter. FMR LLC lifted its stake in shares of Liberty Media Formula One Series C by 0.4% in the 1st quarter. FMR LLC now owns 10,089,049 shares of the company’s stock valued at $353,621,000 after purchasing an additional 44,357 shares during the last quarter. Finally, OZ Management LP increased its position in shares of Liberty Media Formula One Series C by 31.6% during the 1st quarter. OZ Management LP now owns 4,868,887 shares of the company’s stock valued at $170,654,000 after purchasing an additional 1,170,434 shares during the last quarter. Hedge funds and other institutional investors own 82.21% of the company’s stock.



Shares of NASDAQ:FWONK traded up $0.39 during midday trading on Friday, reaching $41.34. The company’s stock had a trading volume of 11,963 shares, compared to its average volume of 600,166. The firm has a 50 day moving average of $41.43 and a 200-day moving average of $38.82. The firm has a market capitalization of $9.44 billion, a P/E ratio of -63.37 and a beta of 0.95. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. Liberty Media Formula One Series C has a 12-month low of $27.51 and a 12-month high of $43.05.

Liberty Media Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, August 8th. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.25). Liberty Media Formula One Series C had a negative return on equity of 1.63% and a negative net margin of 18.41%. The business had revenue of $620.00 million during the quarter, compared to analysts’ expectations of $616.52 million. On average, research analysts predict that Liberty Media Formula One Series C will post -1.14 EPS for the current year.

Liberty Media Formula One Series C Company Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

Recommended Story: Average Daily Trade Volume – What You Need to Know

Receive News & Ratings for Liberty Media Formula One Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Formula One Series C and related companies with MarketBeat.com's FREE daily email newsletter.