Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Bumped Up to “Sell” by Wall Street Zen

Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) from a strong sell rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Several other brokerages also recently issued reports on FWONK. UBS Group lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Jefferies Financial Group assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, September 9th. They set a “buy” rating and a $115.00 price objective on the stock. Guggenheim upped their target price on shares of 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. Sanford C. Bernstein raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.29.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK stock opened at $91.20 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36. The firm has a market capitalization of $20.46 billion, a PE ratio of 134.12 and a beta of 0.46. The stock has a fifty day simple moving average of $98.43 and a two-hundred day simple moving average of $93.25.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. On average, sell-side analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allied Private Wealth LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at $32,000. Anchor Investment Management LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth $39,000. V Square Quantitative Management LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter worth $51,000. Oslo Pensjonsforsikring AS bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter worth about $58,000. Finally, Allworth Financial LP increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 567.6% during the second quarter. Allworth Financial LP now owns 968 shares of the company’s stock worth $92,000 after acquiring an additional 823 shares during the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C represents a non-voting tracking stock associated with the company’s Formula One Group. The group’s principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship’s commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.