Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) from a strong sell rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

FWONK has been the topic of several other reports. Jefferies Financial Group started coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, September 9th. They issued a “buy” rating and a $115.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Guggenheim raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 29th. Finally, Wells Fargo & Company lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $96.00 to $113.00 and gave the stock an “equal weight” rating in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.62.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Liberty Media Corporation – Liberty Formula One Series C stock opened at $108.01 on Friday. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 145.49 and a beta of 0.46. The company’s 50 day simple moving average is $94.67 and its 200 day simple moving average is $92.28. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $80.15 and a fifty-two week high of $108.40.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 69.1% during the third quarter. Intech Investment Management LLC now owns 23,395 shares of the company’s stock worth $2,162,000 after acquiring an additional 9,561 shares in the last quarter. Bessemer Group Inc. bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at $1,400,000. Diversified Trust Co lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 407.2% in the 3rd quarter. Diversified Trust Co now owns 24,702 shares of the company’s stock valued at $2,282,000 after acquiring an additional 19,832 shares in the last quarter. Allworth Financial LP lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 118.6% in the 3rd quarter. Allworth Financial LP now owns 2,116 shares of the company’s stock valued at $201,000 after acquiring an additional 1,148 shares in the last quarter. Finally, CENTRAL TRUST Co acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth $212,000. Institutional investors own 92.26% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C stock (NASDAQ: FWONK) is a tracking stock associated with the company’s Formula One Group. The group’s principal business is Formula 1, the international motorsport series, which organizes and promotes races and manages the championship’s commercial rights, including media, sponsorship, licensing and race-promotion activities.

Formula 1 has held world championship races since 1950 and serves a global audience, with events staged across multiple continents.