Bank of New York Mellon Corp grew its holdings in Liberty Media Corporation (NASDAQ:FWONK) by 56.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,079,825 shares of the company’s stock after purchasing an additional 387,926 shares during the quarter. Bank of New York Mellon Corp owned about 0.50% of Liberty Media worth $41,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in shares of Liberty Media during the 2nd quarter valued at approximately $400,601,000. FMR LLC purchased a new stake in shares of Liberty Media during the 2nd quarter valued at approximately $332,524,000. Coatue Management LLC purchased a new stake in shares of Liberty Media during the 2nd quarter valued at approximately $219,720,000. Southeastern Asset Management Inc. TN purchased a new stake in shares of Liberty Media during the 2nd quarter valued at approximately $188,027,000. Finally, BlackRock Inc. purchased a new stake in shares of Liberty Media during the 2nd quarter valued at approximately $183,521,000. 84.78% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on FWONK. Zacks Investment Research lowered shares of Liberty Media from a “buy” rating to a “hold” rating in a research report on Tuesday. lifted their price target on shares of Liberty Media from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Pivotal Research boosted their target price on Liberty Media from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Barclays boosted their target price on Liberty Media from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, Morgan Stanley boosted their target price on Liberty Media from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Liberty Media currently has a consensus rating of “Buy” and a consensus price target of $44.57.

Shares of Liberty Media Corporation (NASDAQ:FWONK) opened at $33.51 on Thursday. Liberty Media Corporation has a 12-month low of $27.55 and a 12-month high of $41.14.

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About Liberty Media

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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Institutional Ownership by Quarter for Liberty Media (NASDAQ:FWONK)

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