TD Cowen Issues Positive Forecast for Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Price

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its price objective increased by equities research analysts at TD Cowen from $118.00 to $125.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen‘s price target points to a potential upside of 15.89% from the stock’s previous close.

FWONK has been the topic of a number of other reports. JPMorgan Chase & Co. upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Sanford C. Bernstein boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Wells Fargo & Company increased their price objective 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 research note on Friday. 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 report on Monday, August 17th. Finally, UBS Group lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and a consensus price target of $118.44.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK traded down $0.14 on Tuesday, hitting $107.86. 924,931 shares of the stock were exchanged, compared to its average volume of 2,162,179. The stock has a fifty day moving average price of $94.67 and a two-hundred day moving average price of $92.28. The firm has a market capitalization of $24.20 billion, a P/E ratio of 124.45 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $108.80.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.9% during the 1st quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock valued at $925,299,000 after buying an additional 302,191 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Liberty Media Corporation – Liberty Formula One Series C by 13.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock valued at $505,297,000 after acquiring an additional 645,996 shares in the last quarter. Bank of America Corp DE raised its position in Liberty Media Corporation – Liberty Formula One Series C by 43.2% during the first quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock valued at $387,845,000 after acquiring an additional 1,376,984 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 58.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,215,272 shares of the company’s stock valued at $202,919,000 after acquiring an additional 819,363 shares during the period. Finally, Hawk Ridge Capital Management LP lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 38.9% in the first quarter. Hawk Ridge Capital Management LP now owns 1,849,660 shares of the company’s stock valued at $157,258,000 after acquiring an additional 518,300 shares during the period. Institutional investors and hedge funds 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.