Wall Street Zen Downgrades Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) to Sell

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other equities analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. JPMorgan Chase & Co. reduced their price objective on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Finally, Wells Fargo & Company upgraded Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $93.00 to $95.00 in a research report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and a consensus target price of $111.78.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $81.63 on Friday. The firm’s 50 day simple moving average is $86.44 and its 200 day simple moving average is $94.01. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 14.66 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $75.26 and a 1 year high of $109.36.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

Several hedge funds have recently modified their holdings of FWONK. Principal Securities Inc. increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.6% in the 4th quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock worth $466,000 after purchasing an additional 118 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.3% during the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock valued at $552,000 after purchasing an additional 119 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.6% during the fourth quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock worth $56,000 after purchasing an additional 120 shares during the last quarter. Compound Planning Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after buying an additional 121 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.7% in the third quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock valued at $286,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.