Liberty Media (NASDAQ:FWONK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses through their operating subsidiaries and investments in various publicly-traded companies. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, as well as infotainment services on a subscription fee basis through its satellite radio systems; provides next-generation connected vehicle applications and services; streams music and non-music channels over the Internet; sells satellite and Internet radios to consumers through Website and retailers; and offers other ancillary services, such as weather, traffic, data, and Backseat television services. Liberty Media Corporation is headquartered in Englewood, Colorado. “

Several other research analysts have also issued reports on FWONK. Bank of America initiated coverage on Liberty Media in a research report on Thursday, September 28th. They issued a “buy” rating and a $45.00 price target on the stock. J P Morgan Chase & Co assumed coverage on Liberty Media in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $38.00 price target on the stock. Morgan Stanley lifted their target price on Liberty Media from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Barclays lifted their target price on Liberty Media from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Finally, Pivotal Research lifted their target price on Liberty Media from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $44.57.

Liberty Media (NASDAQ FWONK) traded down $1.07 during trading hours on Tuesday, hitting $33.91. The stock had a trading volume of 2,120,633 shares, compared to its average volume of 1,329,096. Liberty Media has a 1-year low of $27.55 and a 1-year high of $41.14.

Several large investors have recently added to or reduced their stakes in FWONK. Gilder Gagnon Howe & Co. LLC acquired a new position in Liberty Media during the second quarter worth approximately $623,000. Carnick & Kubik Group LLC acquired a new position in Liberty Media during the second quarter worth approximately $330,000. Schwab Charles Investment Management Inc. acquired a new position in Liberty Media during the second quarter worth approximately $11,139,000. Teacher Retirement System of Texas acquired a new position in Liberty Media during the second quarter worth approximately $272,000. Finally, Rhumbline Advisers acquired a new position in Liberty Media during the second quarter worth approximately $3,627,000. 84.78% of the stock is currently owned by institutional investors and hedge funds.

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About Liberty Media

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

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