Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives $111.78 Average Price Target from Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $111.7778.

A number of brokerages have recently issued reports on FWONK. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Friday. Wells Fargo & Company upgraded Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $93.00 to $95.00 in a report on Friday, February 27th. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. reduced their target price on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 2.7%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $85.02 on Wednesday. The company has a 50-day moving average price of $86.22 and a 200 day moving average price of $93.78. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The stock has a market cap of $19.05 billion, a P/E ratio of 38.65, a PEG ratio of 14.87 and a beta of 0.44.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock worth $2,081,841,000 after buying an additional 715,525 shares during the period. Principal Financial Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock valued at $1,250,671,000 after acquiring an additional 129,822 shares during the period. Schroder Investment Management Group raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.1% in the 3rd quarter. Schroder Investment Management Group now owns 8,843,048 shares of the company’s stock valued at $923,656,000 after acquiring an additional 186,077 shares during the period. Silver Point Capital L.P. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter worth approximately $302,000. Finally, Jericho Capital Asset Management L.P. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 17.8% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,542,396 shares of the company’s stock worth $447,471,000 after acquiring an additional 688,000 shares during the last quarter. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.