Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Price Target Lowered to $115.00 at JPMorgan Chase & Co.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its price target reduced by JPMorgan Chase & Co. from $122.00 to $115.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Finally, Wells Fargo & Company upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $93.00 to $95.00 in a report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.78.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.1%

NASDAQ FWONK opened at $83.41 on Thursday. The company has a 50-day simple moving average of $87.34 and a two-hundred day simple moving average of $94.85. 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 firm has a market cap of $18.69 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 12.24 and a beta of 0.44.

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

A number of large investors have recently made changes to their positions in FWONK. Zions Bancorporation National Association UT raised its holdings 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 valued at $29,000 after acquiring an additional 188 shares in the last quarter. Advisory Services Network LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at $34,000. Headlands Technologies LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $38,000. Osterweis Capital Management Inc. purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $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 $41,000. 92.26% of the stock is currently owned by institutional investors.

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.