Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Price Target Raised to $125.00

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its price target raised by TD Cowen from $118.00 to $125.00 in a research report sent to investors on Tuesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other research analysts have also commented on FWONK. Guggenheim lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 7th. UBS Group upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 7th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.44.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.6%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $109.44 on Tuesday. The company has a 50 day moving average of $95.37 and a 200 day moving average of $92.60. The company has a market capitalization of $24.56 billion, a P/E ratio of 127.78 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $111.66.

Insider Buying and Selling

In related news, Director Chase Carey sold 137,331 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $110.14, for a total value of $15,125,636.34. Following the sale, the director directly owned 94,356 shares in the company, valued at $10,392,369.84. The trade was a 59.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 424,331 shares of company stock valued at $46,225,306 in the last three months. 4.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 43.2% during the 1st quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock worth $387,845,000 after purchasing an additional 1,376,984 shares during the period. Junto Capital Management LP grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 178.1% in the second quarter. Junto Capital Management LP now owns 1,707,281 shares of the company’s stock valued at $162,431,000 after purchasing an additional 1,093,372 shares during the period. The Manufacturers Life Insurance Company increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 26.6% in the first quarter. The Manufacturers Life Insurance Company now owns 4,665,090 shares of the company’s stock valued at $396,626,000 after purchasing an additional 981,047 shares during the last quarter. Engineers Gate Manager LP increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 893.8% in the second quarter. Engineers Gate Manager LP now owns 1,049,351 shares of the company’s stock valued at $99,835,000 after purchasing an additional 943,757 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 58.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,215,272 shares of the company’s stock worth $202,919,000 after buying an additional 819,363 shares during the period. Hedge funds and other institutional investors 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 stock (NASDAQ: FWONK) is a tracking stock associated with the company’s Formula One Group. The group’s principal business is Formula 1, the international motorsport series, which organizes and promotes races and manages the championship’s commercial rights, including media, sponsorship, licensing and race-promotion activities. Formula 1 has held world championship races since 1950 and serves a global audience, with events staged across multiple continents.