Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Earns Market Outperform Rating from Analysts at Citizens Jmp

Equities research analysts at Citizens Jmp initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in a report issued on Monday,Benzinga reports. The brokerage set a “market outperform” rating and a $100.00 price target on the stock. Citizens Jmp’s price objective points to a potential upside of 33.14% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. Citigroup cut their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has a consensus rating of “Buy” and a consensus target price of $104.50.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

FWONA stock opened at $75.11 on Monday. The stock’s 50 day moving average is $79.09 and its two-hundred day moving average is $85.90. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $68.00 and a 52-week high of $99.52. The company has a market capitalization of $18.81 billion, a PE ratio of 34.14 and a beta of 0.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FWONA. TD Waterhouse Canada Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after buying an additional 150 shares during the period. TD Private Client Wealth LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the third quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock worth $31,000 after acquiring an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after acquiring an additional 371 shares during the period. Finally, State of Wyoming bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the second quarter valued at approximately $66,000. 8.38% of the stock is currently owned by institutional investors.

About Liberty Media Corporation – Liberty Formula One Series A

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.