Pivotal Research Raises Liberty Media Corporation (FWONK) Price Target to $55.00

Liberty Media Corporation (NASDAQ:FWONK) had its price objective boosted by Pivotal Research from $50.00 to $55.00 in a research report sent to investors on Wednesday, MarketBeat reports. They currently have a buy rating on the stock.

A number of other research firms have also recently issued reports on FWONK. Zacks Investment Research cut Liberty Media Corporation from a buy rating to a hold rating in a report on Wednesday, October 18th. Barclays PLC upped their price objective on Liberty Media Corporation from $33.00 to $35.00 and gave the stock an equal weight rating in a report on Friday, November 10th. Bank of America Corporation initiated coverage on Liberty Media Corporation in a report on Thursday, September 28th. They issued a buy rating and a $45.00 price objective for the company. Morgan Stanley upped 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. Finally, J P Morgan Chase & Co initiated coverage on Liberty Media Corporation in a report on Tuesday, October 3rd. They issued a neutral rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $44.57.

Liberty Media Corporation (NASDAQ FWONK) traded up $1.88 during trading on Wednesday, reaching $38.71. The company had a trading volume of 2,580,000 shares, compared to its average volume of 1,440,000. Liberty Media Corporation has a twelve month low of $27.55 and a twelve month high of $41.14.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in FWONK. Vanguard Group Inc. bought a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $400,601,000. FMR LLC bought a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $332,524,000. Coatue Management LLC bought a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $219,720,000. Southeastern Asset Management Inc. TN bought a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $188,027,000. Finally, BlackRock Inc. bought a new stake in shares of Liberty Media Corporation in the 2nd quarter valued at about $183,521,000. 79.74% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Liberty Media Corporation (NASDAQ:FWONK)

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