Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey Sells 137,000 Shares of Company Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 137,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $108.91, for a total transaction of $14,920,670.00. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at $10,276,311.96. This represents a 59.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Chase Carey also recently made the following trade(s):

• On Tuesday, November 10th, Chase Carey sold 150,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The shares were sold at an average price of $107.86, for a total transaction of $16,179,000.00.
• On Thursday, November 12th, Chase Carey sold 137,331 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The shares were sold at an average price of $110.14, for a total transaction of $15,125,636.34.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 1.4%

Liberty Media Corporation – Liberty Formula One Series A stock traded down $1.46 during trading hours on Thursday, reaching $104.52. 196,686 shares of the company’s stock were exchanged, compared to its average volume of 176,261. The firm’s 50 day simple moving average is $87.64 and its 200 day simple moving average is $84.99. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $106.52. The firm has a market capitalization of $26.18 billion, a PE ratio of 120.14 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.13). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Analysts anticipate that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 EPS for the current year.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 235.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock worth $35,000 after purchasing an additional 292 shares in the last quarter. CX Institutional bought a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 3rd quarter valued at about $59,000. State of Wyoming increased its position in Liberty Media Corporation – Liberty Formula One Series A by 67.1% in the 1st quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $114,000 after buying an additional 587 shares in the last quarter. GAMMA Investing LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 25.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the company’s stock worth $118,000 after buying an additional 272 shares during the period. Finally, Allworth Financial LP raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 58.2% during the 2nd quarter. Allworth Financial LP now owns 1,675 shares of the company’s stock worth $147,000 after buying an additional 616 shares during the period. Institutional investors own 8.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FWONA. Zacks Research initiated coverage on Liberty Media Corporation – Liberty Formula One Series A in a report on Monday. They issued a “hold” rating for the company. Guggenheim increased their price target on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. TD Cowen lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $107.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A has an average rating of “Moderate Buy” and a consensus price target of $114.25.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.