Insider Selling: Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Sells 12,678 Shares of Stock

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Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 12,678 shares of Liberty Media Formula One Series A stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $27.75, for a total value of $351,814.50. Following the completion of the transaction, the chief executive officer now directly owns 267,286 shares in the company, valued at $7,417,186.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ FWONA opened at $41.75 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $39.73 and its two-hundred day moving average is $38.14. Liberty Media Formula One Series A has a 12 month low of $26.63 and a 12 month high of $43.36.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio grew its holdings in shares of Liberty Media Formula One Series A by 3.3% during the 2nd quarter. Strs Ohio now owns 13,043 shares of the company’s stock worth $467,000 after purchasing an additional 414 shares in the last quarter. Ingalls & Snyder LLC grew its holdings in shares of Liberty Media Formula One Series A by 3.4% during the 2nd quarter. Ingalls & Snyder LLC now owns 18,506 shares of the company’s stock worth $664,000 after purchasing an additional 600 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Liberty Media Formula One Series A by 2.1% during the 2nd quarter. Aperio Group LLC now owns 32,876 shares of the company’s stock worth $1,179,000 after purchasing an additional 665 shares in the last quarter. US Bancorp DE grew its holdings in shares of Liberty Media Formula One Series A by 62.7% during the 2nd quarter. US Bancorp DE now owns 1,754 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Liberty Media Formula One Series A by 1.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 46,541 shares of the company’s stock worth $1,669,000 after purchasing an additional 727 shares in the last quarter. 9.50% of the stock is currently owned by institutional investors.

Several research analysts have commented on FWONA shares. FBN Securities downgraded Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, September 18th. Citigroup lifted their price target on Liberty Media Formula One Series A from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $50.00 in a research report on Thursday, August 15th. Finally, Benchmark started coverage on Liberty Media Formula One Series A in a research report on Wednesday, October 9th. They issued a “buy” rating on the stock. Two investment 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 stock has a consensus rating of “Buy” and a consensus price target of $44.67.

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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Insider Buying and Selling by Quarter for Liberty Media Formula One Series A (NASDAQ:FWONA)

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