Veritable L.P. Invests $229,000 in Liberty Media Corporation (FWONK)
Veritable L.P. bought a new stake in shares of Liberty Media Corporation (NASDAQ:FWONK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,242 shares of the company’s stock, valued at approximately $229,000.
Several other large investors also recently bought and sold shares of the company. Vantage Investment Advisors LLC bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $173,000. SG Americas Securities LLC bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $183,000. D.A. Davidson & CO. bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $188,000. Finally, Neuberger Berman Group LLC bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $206,000. 78.23% of the stock is owned by institutional investors.
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Liberty Media Corporation (NASDAQ FWONK) opened at 40.73 on Friday. Liberty Media Corporation has a one year low of $26.44 and a one year high of $41.13. The company has a 50-day moving average price of $38.05 and a 200-day moving average price of $35.25. The company’s market capitalization is $7.61 billion.
A number of equities analysts recently issued reports on the company. J P Morgan Chase & Co assumed coverage on Liberty Media Corporation in a report on Tuesday. They issued a “neutral” rating and a $38.00 price objective for the company. Bank of America Corporation assumed coverage on Liberty Media Corporation in a report on Thursday, September 28th. They issued a “buy” rating for the company. Finally, Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.33.
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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