Insider Selling: Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Insider Sells 11,597 Shares of Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) insider Renee Wilm sold 11,597 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

NASDAQ:FWONA traded down $0.53 during mid-day trading on Tuesday, hitting $82.73. 176,726 shares of the company’s stock were exchanged, compared to its average volume of 154,481. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52. The business has a fifty day moving average price of $82.07 and a 200 day moving average price of $82.09. The company has a market cap of $20.72 billion, a PE ratio of 37.95 and a beta of 0.52.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. M&T Bank Corp increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 848.4% during the fourth quarter. M&T Bank Corp now owns 32,880 shares of the company’s stock valued at $2,939,000 after buying an additional 29,413 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 34.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock valued at $118,630,000 after buying an additional 337,607 shares during the last quarter. Credit Industriel ET Commercial increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 35.4% during the third quarter. Credit Industriel ET Commercial now owns 46,411 shares of the company’s stock valued at $4,419,000 after buying an additional 12,122 shares during the last quarter. Deltroit Asset Management UK LLP purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter valued at approximately $4,609,000. Finally, Norges Bank purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter valued at approximately $90,433,000. 8.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Citigroup upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Citizens Jmp assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has an average rating of “Buy” and a consensus target price of $103.33.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.