Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target Raised to $100.00

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) had its target price upped by Citigroup from $95.00 to $100.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

FWONA has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Citizens Jmp assumed coverage on Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.40.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA stock opened at $83.87 on Monday. The company’s 50 day moving average price is $79.81 and its 200 day moving average price is $83.24. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 38.47 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $99.52.

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 business. Wealth Enhancement Advisory Services LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock valued at $937,000 after buying an additional 120 shares during the period. Nisa Investment Advisors LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock valued at $859,000 after buying an additional 123 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after buying an additional 125 shares during the period. QRG Capital Management Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 3.9% in the 1st quarter. QRG Capital Management Inc. now owns 3,441 shares of the company’s stock valued at $269,000 after buying an additional 128 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 19.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock valued at $85,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors 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.