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

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $118.44.

Several equities analysts recently weighed in on FWONK shares. Wall Street Zen upgraded 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, November 7th. UBS Group boosted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Sanford C. Bernstein increased their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Guggenheim raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a report on Monday, August 17th. Finally, Susquehanna decreased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $114.00 to $110.00 and set a “positive” rating on the stock in a report on Friday, October 16th.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 2.0%

NASDAQ FWONK opened at $111.17 on Thursday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $111.28. The business has a 50 day moving average price of $95.13 and a 200-day moving average price of $92.50. The company has a market cap of $24.95 billion, a price-to-earnings ratio of 127.78 and a beta of 0.46.

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

A number of institutional investors have recently added to or reduced their stakes in the business. GW&K Investment Management LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 4.6% during the third quarter. GW&K Investment Management LLC now owns 152,889 shares of the company’s stock valued at $14,127,000 after purchasing an additional 6,789 shares during the last quarter. Private Wealth Asset Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth $183,000. USS Investment Management Ltd lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 14.8% during the 3rd quarter. USS Investment Management Ltd now owns 266,874 shares of the company’s stock worth $24,678,000 after acquiring an additional 34,384 shares during the last quarter. Private Advisor Group LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth $337,000. Finally, Ieq Capital LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 266.1% in the third quarter. Ieq Capital LLC now owns 25,253 shares of the company’s stock worth $2,333,000 after acquiring an additional 18,355 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.