Liberty Media Formula One Series C (NASDAQ:FWONK) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Liberty Media Formula One Series C (NASDAQ:FWONK) from a neutral rating to an overweight rating in a research report sent to investors on Thursday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has $50.00 price objective on the stock, up from their previous price objective of $38.00.

Other research analysts have also issued research reports about the company. B. Riley raised Liberty Media Formula One Series C from a neutral rating to a buy rating and boosted their price target for the stock from $35.00 to $46.00 in a research report on Thursday, May 16th. Zacks Investment Research lowered Liberty Media Formula One Series C from a hold rating to a sell rating in a research report on Thursday, August 8th. ValuEngine raised Liberty Media Formula One Series C from a buy rating to a strong-buy rating in a research report on Monday, August 12th. Finally, TheStreet raised Liberty Media Formula One Series C from a d+ rating to a c rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $43.50.

Shares of Liberty Media Formula One Series C stock opened at $40.83 on Thursday. The business’s 50 day simple moving average is $38.86 and its 200 day simple moving average is $36.49. Liberty Media Formula One Series C has a 52-week low of $27.51 and a 52-week high of $41.47. The firm has a market cap of $9.36 billion, a PE ratio of -62.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.44 and a current ratio of 0.49.

Several large investors have recently bought and sold shares of FWONK. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Media Formula One Series C by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 339,481 shares of the company’s stock worth $10,421,000 after acquiring an additional 15,082 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Liberty Media Formula One Series C during the 4th quarter worth approximately $1,398,000. Geode Capital Management LLC increased its holdings in shares of Liberty Media Formula One Series C by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 2,102,344 shares of the company’s stock worth $64,502,000 after acquiring an additional 128,149 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Liberty Media Formula One Series C by 1.6% during the 1st quarter. State of Alaska Department of Revenue now owns 21,287 shares of the company’s stock worth $746,000 after acquiring an additional 327 shares during the last quarter. Finally, DNB Asset Management AS increased its holdings in shares of Liberty Media Formula One Series C by 3.8% during the 1st quarter. DNB Asset Management AS now owns 19,511 shares of the company’s stock worth $684,000 after acquiring an additional 711 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Formula One Series C Company Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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