Analysts at J P Morgan Chase & Co started coverage on shares of Liberty Media Corporation (NASDAQ:FWONA) in a report issued on Tuesday. The firm set a “hold” rating and a $38.00 price target on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 4.57% from the stock’s current price.

Other equities analysts have also issued reports about the stock. 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 target price on the stock. FBR & Co reaffirmed a “hold” rating on shares of Liberty Media Corporation in a research note on Wednesday, September 20th. Citigroup Inc. raised shares of Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, September 5th. 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, FBN Securities lowered shares of Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.50.

Shares of Liberty Media Corporation (NASDAQ:FWONA) traded up 2.59% during midday trading on Tuesday, reaching $37.28. The company had a trading volume of 301,830 shares. The company has a 50 day moving average of $36.40 and a 200 day moving average of $33.82. The firm’s market capitalization is $954.67 million. Liberty Media Corporation has a 12-month low of $26.95 and a 12-month high of $38.60.

WARNING: “Liberty Media Corporation (FWONA) Coverage Initiated by Analysts at J P Morgan Chase & Co” was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/liberty-media-corporation-fwona-coverage-initiated-by-analysts-at-j-p-morgan-chase-co/1605862.html.

In other news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $36.52, for a total value of $66,685.52. Following the transaction, the director now directly owns 823 shares of the company’s stock, valued at $30,055.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 18,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $41.99, for a total value of $755,820.00. Following the completion of the transaction, the chairman now directly owns 14,634,102 shares in the company, valued at $614,485,942.98. The disclosure for this sale can be found here. 5.34% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Liberty Media Corporation during the second quarter worth about $105,000. Legal & General Group Plc acquired a new position in Liberty Media Corporation in the 2nd quarter worth approximately $109,000. Howard Hughes Medical Institute acquired a new position in Liberty Media Corporation in the 2nd quarter worth approximately $132,000. Wayne Hummer Investments L.L.C. acquired a new position in Liberty Media Corporation in the 2nd quarter worth approximately $218,000. Finally, Nomura Holdings Inc. acquired a new position in Liberty Media Corporation in the 2nd quarter worth approximately $220,000. 11.47% of the stock is owned by hedge funds and other 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)

Receive News & Ratings for Liberty Media Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.