Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Sells $16,179,000.00 in Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 150,000 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $107.86, for a total transaction of $16,179,000.00. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at $10,177,238.16. The trade was a 61.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, November 11th, Chase Carey sold 137,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The stock was sold at an average price of $108.91, for a total transaction of $14,920,670.00.
• 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 Price Performance

Shares of FWONA stock traded down $1.46 during trading hours on Thursday, hitting $104.52. The company had a trading volume of 196,686 shares, compared to its average volume of 176,261. The stock has a market capitalization of $26.18 billion, a PE ratio of 120.14 and a beta of 0.52. The company’s fifty day moving average is $87.64 and its 200 day moving average is $84.99. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $106.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its earnings results 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Equities analysts forecast that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 earnings per share for the current year.

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

Several institutional investors have recently modified their holdings of FWONA. Farther Finance Advisors LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 235.5% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock worth $35,000 after acquiring an additional 292 shares during the period. CX Institutional purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the third quarter valued at $59,000. GAMMA Investing LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 25.2% in the second quarter. GAMMA Investing LLC now owns 1,350 shares of the company’s stock valued at $118,000 after purchasing an additional 272 shares during the period. State of Wyoming grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 67.1% during the 1st quarter. State of Wyoming now owns 1,462 shares of the company’s stock worth $114,000 after purchasing an additional 587 shares in the last quarter. Finally, Allworth Financial LP grew 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 purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

Analyst Ratings Changes

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