Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target Raised to $100.00

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) had its price objective hoisted by research analysts at Citigroup from $95.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 16.41% from the company’s current price.

Several other research analysts have also weighed in on FWONA. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.40.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 0.1%

NASDAQ FWONA traded down $0.05 on Monday, hitting $85.91. The stock had a trading volume of 14,651 shares, compared to its average volume of 157,166. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 39.42 and a beta of 0.50. The company’s 50-day moving average is $79.65 and its two-hundred day moving average is $83.40.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 14.4% in the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock valued at $118,593,000 after purchasing an additional 191,619 shares during the period. Norges Bank acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter worth about $90,433,000. Janus Henderson Group PLC grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 995,541 shares of the company’s stock worth $88,981,000 after buying an additional 20,683 shares in the last quarter. Sculptor Capital LP grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.7% during the second quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock worth $71,220,000 after buying an additional 12,786 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock worth $71,063,000 after buying an additional 7,113 shares in the last quarter. 8.38% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.