Liberty Media Corporation (NASDAQ:FWONK) had its price target upped by Barclays PLC from $33.00 to $35.00 in a research note released on Friday. The firm currently has an equal weight rating on the stock.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Liberty Media Corporation from a hold rating to a buy rating and set a $45.00 price objective on the stock in a report on Monday, October 23rd. Morgan Stanley increased their price objective 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. J P Morgan Chase & Co started coverage on Liberty Media Corporation in a report on Tuesday, October 3rd. They set a neutral rating and a $38.00 price objective on the stock. Finally, Bank of America Corporation started coverage on Liberty Media Corporation in a report on Thursday, September 28th. They set a buy rating and a $45.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $40.40.
Liberty Media Corporation (NASDAQ FWONK) traded down $0.67 during mid-day trading on Friday, hitting $36.78. The stock had a trading volume of 1,654,100 shares, compared to its average volume of 1,244,486. Liberty Media Corporation has a 12 month low of $27.55 and a 12 month high of $41.14.
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A number of institutional investors and hedge funds have recently modified their holdings of FWONK. Vanguard Group Inc. purchased a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $400,601,000. FMR LLC purchased a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $332,524,000. Principal Financial Group Inc. raised its holdings in shares of Liberty Media Corporation by 35.5% in the 3rd quarter. Principal Financial Group Inc. now owns 6,315,241 shares of the company’s stock valued at $240,546,000 after acquiring an additional 1,655,730 shares in the last quarter. Coatue Management LLC purchased a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $219,720,000. Finally, Southeastern Asset Management Inc. TN purchased a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $188,027,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Media Corporation
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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