Wells Fargo & Company Raises Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Price Target to $87.00

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) had its target price upped by Wells Fargo & Company from $80.00 to $87.00 in a research report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Other analysts also recently issued research reports about the stock. Sanford C. Bernstein upgraded shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Rosenblatt Securities lifted their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Susquehanna lifted their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Finally, Seaport Res Ptn upgraded shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $103.00.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded down $0.68 during trading hours on Tuesday, reaching $103.32. The company's stock had a trading volume of 720,483 shares, compared to its average volume of 1,192,989. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $72.69 and a one year high of $106.26. The company has a market capitalization of $25.77 billion, a P/E ratio of -258.30 and a beta of 0.47. The stock's fifty day simple moving average is $98.91 and its two-hundred day simple moving average is $93.35.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.23. The firm had revenue of $447.00 million during the quarter, compared to analysts' expectations of $440.80 million. As a group, research analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Insider Activity at Liberty Media Corporation - Liberty Formula One Series C

In related news, Director Chase Carey sold 50,000 shares of Liberty Media Corporation - Liberty Formula One Series C stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.60, for a total value of $4,730,000.00. Following the transaction, the director directly owned 93,102 shares of the company's stock, valued at $8,807,449.20. The trade was a 34.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FWONK. Allstate Corp purchased a new position in Liberty Media Corporation - Liberty Formula One Series C during the 4th quarter valued at $571,000. Greenwood Gearhart Inc. increased its position in Liberty Media Corporation - Liberty Formula One Series C by 2.7% during the 4th quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company's stock valued at $16,764,000 after purchasing an additional 4,761 shares during the period. Public Employees Retirement System of Ohio increased its position in Liberty Media Corporation - Liberty Formula One Series C by 1.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock valued at $37,529,000 after purchasing an additional 4,897 shares during the period. California State Teachers Retirement System increased its position in Liberty Media Corporation - Liberty Formula One Series C by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock valued at $32,518,000 after purchasing an additional 6,297 shares during the period. Finally, Versant Capital Management Inc increased its position in Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% during the 1st quarter. Versant Capital Management Inc now owns 2,159 shares of the company's stock valued at $194,000 after purchasing an additional 2,013 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

About Liberty Media Corporation - Liberty Formula One Series C

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.