Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target Lowered to $95.00 at Citigroup

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) had its price objective reduced by research analysts at Citigroup from $100.00 to $95.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 25.07% from the stock’s previous close.

A number of other research firms have also weighed in on FWONA. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on 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 $105.40.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

FWONA traded down $0.06 during trading on Wednesday, reaching $75.96. 15,358 shares of the company’s stock were exchanged, compared to its average volume of 164,743. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $68.00 and a 1 year high of $99.52. The company’s fifty day simple moving average is $79.48 and its 200-day simple moving average is $86.22. The stock has a market capitalization of $19.03 billion, a P/E ratio of 34.67 and a beta of 0.50.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series A

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cooper Investors PTY Ltd. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 117.4% during the 3rd quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company’s stock worth $10,758,000 after purchasing an additional 61,011 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 989,602 shares of the company’s stock worth $94,234,000 after buying an additional 102,586 shares during the last quarter. GAM Holding AG purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 3rd quarter worth approximately $1,608,000. Norges Bank purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth approximately $96,078,000. Finally, Capula Management Ltd raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 81.2% during the second quarter. Capula Management Ltd now owns 28,284 shares of the company’s stock valued at $2,686,000 after acquiring an additional 12,671 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

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.