Macquarie reiterated their buy rating on shares of Liberty Media Corporation (NASDAQ:FWONA) in a research note issued to investors on Thursday morning. They currently have a $45.00 price objective on the stock.

A number of other analysts also recently issued reports on the stock. Citigroup Inc. upgraded shares of Liberty Media Corporation from a neutral rating to a buy rating and set a $44.00 price target for the company in a report on Tuesday, September 5th. FBR & Co restated a hold rating on shares of Liberty Media Corporation in a report on Wednesday, September 20th. Bank of America Corporation initiated coverage on shares of Liberty Media Corporation in a research report on Thursday, September 28th. They set a buy rating and a $45.00 price objective for the company. Zacks Investment Research raised shares of Liberty Media Corporation from a strong sell rating to a hold rating in a research report on Tuesday, August 1st. Finally, J P Morgan Chase & Co initiated coverage on shares of Liberty Media Corporation in a research report on Tuesday, October 3rd. They set a hold rating and a $38.00 price objective for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $39.38.

Liberty Media Corporation (NASDAQ:FWONA) opened at 38.77 on Thursday. The stock’s market cap is $992.82 million. Liberty Media Corporation has a 12 month low of $26.95 and a 12 month high of $39.32. The firm’s 50 day moving average price is $37.00 and its 200 day moving average price is $33.97.

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In other Liberty Media Corporation news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $36.52, for a total value of $66,685.52. Following the completion of the transaction, the director now owns 823 shares of the company’s stock, valued at approximately $30,055.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John C. Malone sold 153,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total transaction of $5,708,430.00. Following the completion of the transaction, the chairman now directly owns 2,708,427 shares of the company’s stock, valued at approximately $101,051,411.37. The disclosure for this sale can be found here. Insiders have sold a total of 172,826 shares of company stock valued at $6,530,936 in the last ninety days. 5.34% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of FWONA. The Manufacturers Life Insurance Company purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $105,000. Legal & General Group Plc purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $109,000. Howard Hughes Medical Institute purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $132,000. Wayne Hummer Investments L.L.C. purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $218,000. Finally, PNC Financial Services Group Inc. purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $220,000. 11.47% of the stock is owned by institutional investors.

About Liberty Media Corporation

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

Analyst Recommendations for Liberty Media Corporation (NASDAQ:FWONA)

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