Citigroup Has Lowered Expectations for Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock Price

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) had its price objective decreased by equities research analysts at Citigroup from $100.00 to $95.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 24.35% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Finally, Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $105.40.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA stock opened at $76.40 on Wednesday. The company has a market cap of $19.14 billion, a P/E ratio of 34.73 and a beta of 0.50. The stock’s 50 day simple moving average is $79.22 and its 200 day simple moving average is $86.08. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $68.00 and a fifty-two week high of $99.52.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after acquiring an additional 150 shares during the period. TD Private Client Wealth LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock worth $31,000 after purchasing an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares during the period. Global Retirement Partners LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock worth $44,000 after purchasing an additional 371 shares during the period. Finally, State of Wyoming purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at about $66,000. 8.38% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.