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 report published on Thursday, BenzingaRatingsTable reports. The firm currently has $50.00 price target on the stock, up from their previous price target of $38.00.

Several other equities research analysts have also commented on FWONK. B. Riley upgraded Liberty Media Formula One Series C from a neutral rating to a buy rating and upped their target price for the company from $35.00 to $46.00 in a research report on Thursday, May 16th. TheStreet upgraded Liberty Media Formula One Series C from a d+ rating to a c rating in a research report on Friday, May 17th. Zacks Investment Research lowered Liberty Media Formula One Series C from a hold rating to a sell rating in a report on Thursday, August 8th. Finally, ValuEngine upgraded Liberty Media Formula One Series C from a buy rating to a strong-buy rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Liberty Media Formula One Series C presently has a consensus rating of Buy and an average price target of $43.50.

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

A number of large investors have recently made changes to their positions in FWONK. Dimensional Fund Advisors LP boosted its holdings in Liberty Media Formula One Series C by 4.6% in the fourth 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 in the last quarter. Millennium Management LLC bought a new position in Liberty Media Formula One Series C in the fourth quarter worth approximately $1,398,000. Geode Capital Management LLC boosted its holdings in Liberty Media Formula One Series C by 6.5% in the fourth 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 in the last quarter. State of Alaska Department of Revenue boosted its holdings in Liberty Media Formula One Series C by 1.6% in the first 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 in the last quarter. Finally, DNB Asset Management AS boosted its holdings in Liberty Media Formula One Series C by 3.8% in the first quarter. DNB Asset Management AS now owns 19,511 shares of the company’s stock worth $684,000 after acquiring an additional 711 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

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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