Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Given New $89.00 Price Target at Wells Fargo & Company

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its price target decreased by Wells Fargo & Company from $95.00 to $89.00 in a research report report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages have also commented on FWONK. JPMorgan Chase & Co. lowered their price target 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 report on Thursday, March 19th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their price target for the company from $110.00 to $111.00 in a report on Monday, January 12th. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Friday, March 27th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and an average price target of $111.11.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK stock opened at $86.50 on Tuesday. The stock has a market capitalization of $19.38 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 15.51 and a beta of 0.53. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $75.26 and a 1 year high of $109.36. The stock’s fifty day moving average is $86.01 and its two-hundred day moving average is $93.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in 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 valued at $859,000 after buying an additional 1,700 shares in the last quarter. Corient Private Wealth LLC boosted its stake 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 valued at $2,719,000 after buying an additional 3,694 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake 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 valued at $1,647,000 after buying an additional 584 shares in the last quarter. Naya Capital Management UK Ltd. bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter valued at about $208,238,000. Finally, Vident Advisory LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 3.0% during the fourth quarter. Vident Advisory LLC now owns 5,455 shares of the company’s stock valued at $537,000 after buying an additional 161 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.

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.