UBS Group Cuts Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Price Target to $104.00

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its target price reduced by UBS Group from $107.00 to $104.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research firms also recently commented on FWONK. JPMorgan Chase & Co. dropped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Wells Fargo & Company dropped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $95.00 to $89.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 7th. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their target price for the company from $110.00 to $111.00 in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Friday, March 27th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.78.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ FWONK opened at $90.48 on Wednesday. The company has a market cap of $20.28 billion, a P/E ratio of 41.13, a P/E/G ratio of 15.87 and a beta of 0.53. The stock has a 50-day moving average of $86.51 and a two-hundred day moving average of $92.61. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36.

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

A number of hedge funds have recently added to or reduced their stakes in FWONK. Zions Bancorporation National Association UT boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after purchasing an additional 188 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth $34,000. Headlands Technologies LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $38,000. Osterweis Capital Management Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at approximately $39,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

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.