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Liberty Media Liberty Formula One (FWONK) Gets a Buy from J.P. Morgan

Tipranks - Sat May 30, 6:36AM CDT

J.P. Morgan analyst David Karnovsky maintained a Buy rating on Liberty Media Liberty Formula One today and set a price target of $111.00.

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Karnovsky covers the Communication Services sector, focusing on stocks such as Live Nation Entertainment, Liberty Media Liberty Formula One, and Cinemark Holdings. According to TipRanks, Karnovsky has an average return of 15.7% and a 67.05% success rate on recommended stocks.

Currently, the analyst consensus on Liberty Media Liberty Formula One is a Strong Buy with an average price target of $113.50.

Based on Liberty Media Liberty Formula One’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $711 million and a net profit of $57 million. In comparison, last year the company earned a revenue of $447 million and had a net profit of $5 million

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FWONK in relation to earlier this year. Earlier this month, Chase Carey, a Director at FWONK sold 100,000.00 shares for a total of $9,027,250.44.

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