Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) from a hold rating to a sell rating in a report released on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their target price for the company from $110.00 to $111.00 in a research note on Monday, January 12th. JPMorgan Chase & Co. lowered their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Finally, Wells Fargo & Company raised shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $93.00 to $95.00 in a research note on Friday, February 27th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and an average target price of $111.78.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $81.63 on Friday. The stock has a fifty day moving average of $86.44 and a 200-day moving average of $94.05. The stock has a market capitalization of $18.29 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 14.66 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.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FWONK. Allspring Global Investments Holdings LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,660 shares of the company’s stock valued at $20,871,000 after acquiring an additional 10,620 shares during the period. Squarepoint Ops LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $1,255,000. Assenagon Asset Management S.A. raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 79.9% in the third quarter. Assenagon Asset Management S.A. now owns 85,657 shares of the company’s stock worth $8,947,000 after purchasing an additional 38,054 shares during the period. Cantillon Capital Management LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth $121,803,000. Finally, Banco Santander S.A. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth $1,685,000. 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.