Liberty Media Corporation (FWONK) PT Raised to $35.00
Liberty Media Corporation (NASDAQ:FWONK) had its price objective raised by stock analysts at Barclays PLC from $33.00 to $35.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “equal weight” rating on the stock. Barclays PLC’s target price would suggest a potential downside of 6.54% from the company’s current price.
Several other analysts have also recently weighed in on FWONK. J P Morgan Chase & Co initiated coverage on Liberty Media Corporation in a report on Tuesday, October 3rd. They set a “neutral” rating and a $38.00 price target on the stock. Morgan Stanley boosted their price target on Liberty Media Corporation from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Bank of America Corporation initiated coverage on Liberty Media Corporation in a report on Thursday, September 28th. They set a “buy” rating and a $45.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Liberty Media Corporation presently has a consensus rating of “Buy” and an average target price of $40.40.
Liberty Media Corporation (NASDAQ FWONK) traded up $0.02 during trading on Friday, reaching $37.45. The company’s stock had a trading volume of 2,300,900 shares, compared to its average volume of 1,242,607. Liberty Media Corporation has a 1 year low of $27.55 and a 1 year high of $41.14.
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Several institutional investors have recently bought and sold shares of FWONK. Gilder Gagnon Howe & Co. LLC acquired a new position in Liberty Media Corporation in the second quarter valued at approximately $623,000. Carnick & Kubik Group LLC acquired a new position in Liberty Media Corporation in the second quarter valued at approximately $330,000. Schwab Charles Investment Management Inc. acquired a new position in Liberty Media Corporation in the second quarter valued at approximately $11,139,000. Teacher Retirement System of Texas acquired a new position in Liberty Media Corporation in the second quarter valued at approximately $272,000. Finally, Rhumbline Advisers acquired a new position in Liberty Media Corporation in the second quarter valued at approximately $3,627,000. 79.74% of the stock is currently owned by institutional investors.
Liberty Media Corporation Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.
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