Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey Sells 109,121 Shares

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 109,121 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $102.54, for a total value of $11,189,267.34. Following the completion of the transaction, the director owned 93,102 shares of the company’s stock, valued at $9,546,679.08. The trade was a 53.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of Liberty Media Corporation – Liberty Formula One Series A stock opened at $92.52 on Thursday. The business has a 50-day simple moving average of $92.48 and a 200-day simple moving average of $90.62. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52. The company has a market cap of $23.08 billion, a PE ratio of 118.62 and a beta of 0.52.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series A

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock valued at $859,000 after buying an additional 123 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 19.0% in the third quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock valued at $85,000 after acquiring an additional 143 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 4.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,708 shares of the company’s stock valued at $352,000 after acquiring an additional 160 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 6.1% during the second quarter. QRG Capital Management Inc. now owns 3,056 shares of the company’s stock worth $290,000 after purchasing an additional 177 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 28.9% during the first quarter. Russell Investments Group Ltd. now owns 853 shares of the company’s stock worth $69,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FWONA shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Finally, Guggenheim raised their price target on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

About Liberty Media Corporation – Liberty Formula One Series A

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.