Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Upgraded at Zacks Research

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) was upgraded by Zacks Research from a “strong sell” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

FWONA has been the subject of several other reports. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Citigroup upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday. Finally, Citizens Jmp assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, March 30th. They set a “market outperform” rating and a $100.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $103.40.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 1.0%

FWONA stock opened at $83.87 on Tuesday. The company has a market capitalization of $21.01 billion, a price-to-earnings ratio of 38.47 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52. The firm has a 50 day moving average of $79.81 and a two-hundred day moving average of $83.24.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series A

Several large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock worth $937,000 after buying an additional 120 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock worth $859,000 after buying an additional 123 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after buying an additional 125 shares during the period. QRG Capital Management Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 3.9% during the 1st quarter. QRG Capital Management Inc. now owns 3,441 shares of the company’s stock valued at $269,000 after purchasing an additional 128 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 19.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock valued at $85,000 after purchasing an additional 143 shares during the last quarter. 8.38% of the stock is owned by institutional investors.

About Liberty Media Corporation – Liberty Formula One Series A

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.