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

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $110.7778.

A number of research firms have recently weighed in on FWONK. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Friday, March 27th. UBS Group decreased their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. 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 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 increased their price target for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. Finally, Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FWONK. Silver Point Capital L.P. purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter worth approximately $302,000. Berkshire Hathaway Inc acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter worth approximately $297,358,000. Naya Capital Management UK Ltd. purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter valued at approximately $208,238,000. Norges Bank purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter valued at approximately $195,762,000. Finally, Cantillon Capital Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at $121,803,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 0.9%

Shares of NASDAQ:FWONK opened at $88.67 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36. The company has a market cap of $19.87 billion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 15.51 and a beta of 0.53. The company’s 50 day moving average is $86.80 and its 200 day moving average is $92.18.

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.