Shares of Liberty Media Co. (NASDAQ:FWONK) have earned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.43.
Several equities analysts have recently commented on FWONK shares. Morgan Stanley raised shares of Liberty Media from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a report on Tuesday, January 30th. Zacks Investment Research raised shares of Liberty Media from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, February 1st. ValuEngine downgraded shares of Liberty Media from a “hold” rating to a “sell” rating in a report on Monday, March 19th. Finally, Barclays lowered their target price on shares of Liberty Media from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Monday, April 16th.
Liberty Media traded down $0.11, hitting $31.78, during trading hours on Wednesday, MarketBeat Ratings reports. 825,968 shares of the stock traded hands, compared to its average volume of 1,561,430. Liberty Media has a 1 year low of $28.37 and a 1 year high of $41.14. The company has a market capitalization of $7.36 billion, a P/E ratio of 26.26 and a beta of 1.48.
Liberty Media (NASDAQ:FWONK) last issued its quarterly earnings results on Wednesday, May 9th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.85. The firm had revenue of $114.00 million for the quarter. research analysts expect that Liberty Media will post -0.54 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Liberty Media in the fourth quarter worth about $109,000. LS Investment Advisors LLC bought a new position in shares of Liberty Media in the fourth quarter worth about $110,000. Assetmark Inc. grew its holdings in shares of Liberty Media by 16,878.9% in the fourth quarter. Assetmark Inc. now owns 3,226 shares of the company’s stock worth $110,000 after purchasing an additional 3,207 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Liberty Media by 361.9% in the fourth quarter. Glenmede Trust Co. NA now owns 3,829 shares of the company’s stock worth $130,000 after purchasing an additional 3,000 shares during the last quarter. Finally, American International Group Inc. bought a new position in shares of Liberty Media in the fourth quarter worth about $134,000. Institutional investors and hedge funds own 92.03% of the company’s stock.
Liberty Media Company Profile
Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.
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