JPMorgan Chase & Co. Lowers Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Price Target to $115.00

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its target price cut by stock analysts at JPMorgan Chase & Co. from $122.00 to $115.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 41.24% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. Finally, Wells Fargo & Company raised shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $93.00 to $95.00 in a research note on Friday, February 27th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.78.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 2.4%

NASDAQ:FWONK opened at $81.42 on Thursday. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 11.99 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The stock has a fifty day simple moving average of $87.16 and a 200-day simple moving average of $94.72.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Principal Securities Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.6% in the fourth quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock valued at $466,000 after purchasing an additional 118 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.3% in the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock worth $552,000 after purchasing an additional 119 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.6% during the fourth quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock valued at $56,000 after buying an additional 120 shares during the last quarter. Compound Planning Inc. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.1% during the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after buying an additional 121 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.7% in the 3rd quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock valued at $286,000 after buying an additional 124 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.