Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives $110.78 Consensus Target Price from Analysts

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $110.7778.

Several research firms have recently weighed in on FWONK. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $110.00 to $111.00 in a report on Monday, January 12th. Wells Fargo & Company dropped their price target on Liberty Media Corporation – Liberty Formula One Series C from $95.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price objective on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Friday, March 27th. Finally, Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a report on Saturday, March 28th.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

Hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the fourth quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after purchasing an additional 188 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at approximately $34,000. Headlands Technologies LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $39,000. Finally, Root Financial Partners LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth approximately $41,000. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK opened at $87.87 on Friday. The firm has a market cap of $19.69 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 15.87 and a beta of 0.53. The firm’s 50-day simple moving average is $86.66 and its 200-day simple moving average is $92.23. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.