Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Given Average Recommendation of “Moderate Buy” by Analysts

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $111.7778.

Several analysts have recently commented on FWONK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. JPMorgan Chase & Co. reduced their target price on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Finally, Wells Fargo & Company upgraded Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $93.00 to $95.00 in a research report on Friday, February 27th.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.8%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $83.40 on Wednesday. The firm has a market capitalization of $18.69 billion, a PE ratio of 37.91, a P/E/G ratio of 11.99 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The firm’s 50-day simple moving average is $86.86 and its 200 day simple moving average is $94.39.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 24.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 8,715 shares of the company’s stock worth $859,000 after purchasing an additional 1,700 shares during the last quarter. Corient Private Wealth LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 15.4% during the fourth quarter. Corient Private Wealth LLC now owns 27,605 shares of the company’s stock worth $2,719,000 after buying an additional 3,694 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 3.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,719 shares of the company’s stock worth $1,647,000 after buying an additional 584 shares during the period. Naya Capital Management UK Ltd. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter worth about $208,238,000. Finally, Vident Advisory LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 3.0% in the 4th quarter. Vident Advisory LLC now owns 5,455 shares of the company’s stock worth $537,000 after buying an additional 161 shares during the last quarter. 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 – 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.