Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Has Average Target Price of $115.50

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $117.62.

Several research analysts have commented on FWONK shares. Wells Fargo & Company raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $96.00 to $113.00 and gave the stock an “equal weight” rating in a report on Friday. Guggenheim lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Jefferies Financial Group began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, September 9th. They issued a “buy” rating and a $115.00 target price for the company.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C

A number of institutional investors and hedge funds have recently modified their holdings of FWONK. Intech Investment Management LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 69.1% in the third quarter. Intech Investment Management LLC now owns 23,395 shares of the company’s stock valued at $2,162,000 after purchasing an additional 9,561 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $1,400,000. Diversified Trust Co grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 407.2% during the 3rd quarter. Diversified Trust Co now owns 24,702 shares of the company’s stock worth $2,282,000 after purchasing an additional 19,832 shares in the last quarter. Allworth Financial LP increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 118.6% in the 3rd quarter. Allworth Financial LP now owns 2,116 shares of the company’s stock valued at $201,000 after purchasing an additional 1,148 shares during the last quarter. Finally, CENTRAL TRUST Co acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth about $212,000. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 1.6%

Shares of FWONK opened at $108.01 on Thursday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $108.40. The company has a market cap of $24.23 billion, a P/E ratio of 145.49 and a beta of 0.46. The company’s fifty day simple moving average is $94.67 and its 200-day simple moving average is $92.28.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C stock (NASDAQ: FWONK) is a tracking stock associated with the company’s Formula One Group. The group’s principal business is Formula 1, the international motorsport series, which organizes and promotes races and manages the championship’s commercial rights, including media, sponsorship, licensing and race-promotion activities.

Formula 1 has held world championship races since 1950 and serves a global audience, with events staged across multiple continents.