Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target Lowered to $95.00 at Citigroup

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) had its target price reduced by Citigroup from $100.00 to $95.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently commented on FWONA. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, December 29th. Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $105.40.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $76.05 on Wednesday. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 34.57 and a beta of 0.50. The firm has a 50-day moving average of $79.35 and a 200-day moving average of $86.15. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52.

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

Hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. increased its position in Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after buying an additional 150 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the third quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock valued at $31,000 after buying an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock worth $44,000 after acquiring an additional 371 shares during the period. Finally, State of Wyoming acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth approximately $66,000. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.