Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Gets Price Target Trim from Susquehanna

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its target price trimmed by Susquehanna from $114.00 to $110.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a positive rating on the stock.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $96.00 and set an “equal weight” rating for the company in a report on Tuesday, September 29th. Guggenheim upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a report on Sunday, October 11th. JPMorgan Chase & Co. increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group started coverage on Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, September 9th. They issued a “buy” rating and a $115.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $90.81 on Friday. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 133.54 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $107.31. The firm’s 50-day moving average price is $97.28 and its two-hundred day moving average price is $94.00.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $952.78 million. As a group, equities research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. IFP Advisors Inc grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 148.5% in the 3rd quarter. IFP Advisors Inc now owns 420 shares of the company’s stock valued at $39,000 after buying an additional 251 shares during the last quarter. Vontobel Holding Ltd. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 356.8% during the third quarter. Vontobel Holding Ltd. now owns 221,985 shares of the company’s stock worth $20,511,000 after acquiring an additional 173,385 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 13.0% during the third quarter. TD Waterhouse Canada Inc. now owns 7,893 shares of the company’s stock worth $723,000 after acquiring an additional 908 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth approximately $867,000. Finally, Generate Investment Management Ltd bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth approximately $4,439,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.