Gregory B. Maffei Sells 9,612 Shares of Liberty Media Formula One Series A (NASDAQ:FWONA) Stock

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Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 9,612 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $27.91, for a total transaction of $268,270.92. Following the sale, the chief executive officer now owns 638,072 shares of the company’s stock, valued at $17,808,589.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ FWONA traded down $0.79 during trading on Monday, reaching $42.28. The company’s stock had a trading volume of 179,061 shares, compared to its average volume of 98,695. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $9.96 billion, a PE ratio of -65.05 and a beta of 0.91. The business has a 50-day moving average price of $40.27 and a 200-day moving average price of $38.34. Liberty Media Formula One Series A has a 1-year low of $26.63 and a 1-year high of $43.51.

FWONA has been the subject of several research reports. Benchmark initiated coverage on shares of Liberty Media Formula One Series A in a report on Wednesday, October 9th. They set a “buy” rating for the company. JPMorgan Chase & Co. upgraded shares of Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $50.00 in a report on Thursday, August 15th. FBN Securities cut shares of Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 18th. Finally, Citigroup raised their price target on shares of Liberty Media Formula One Series A from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $44.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of FWONA. Renaissance Technologies LLC lifted its stake in Liberty Media Formula One Series A by 42.1% in the second quarter. Renaissance Technologies LLC now owns 380,225 shares of the company’s stock valued at $13,635,000 after acquiring an additional 112,700 shares during the last quarter. Alps Advisors Inc. lifted its stake in Liberty Media Formula One Series A by 604.6% in the third quarter. Alps Advisors Inc. now owns 106,400 shares of the company’s stock valued at $4,212,000 after acquiring an additional 91,300 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Liberty Media Formula One Series A in the second quarter valued at approximately $3,116,000. Cowen Investment Management LLC acquired a new stake in Liberty Media Formula One Series A in the third quarter valued at approximately $2,906,000. Finally, Susquehanna International Group LLP lifted its stake in Liberty Media Formula One Series A by 488.7% in the second quarter. Susquehanna International Group LLP now owns 60,633 shares of the company’s stock valued at $2,174,000 after acquiring an additional 50,333 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

About Liberty Media Formula One Series A

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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