Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey Sells 83,500 Shares of Stock

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey sold 83,500 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $95.79, for a total value of $7,998,465.00. Following the completion of the sale, the director owned 94,356 shares in the company, valued at $9,038,361.24. This represents a 46.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 17th, Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20.
• On Wednesday, November 12th, Chase Carey sold 81,006 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The shares were sold at an average price of $102.89, for a total transaction of $8,334,707.34.
• On Monday, November 10th, Chase Carey sold 109,121 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ FWONK opened at $96.08 on Friday. The company has a 50-day simple moving average of $97.19 and a 200-day simple moving average of $99.99. The company has a market cap of $24.02 billion, a PE ratio of 123.18 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $75.26 and a 12 month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. On average, analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Wells Fargo & Company upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. US Bancorp DE raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.9% during the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock worth $613,000 after purchasing an additional 110 shares during the period. Blair William & Co. IL grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.0% during the 2nd quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after buying an additional 118 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Liberty Media Corporation – Liberty Formula One Series C by 2.3% in the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock worth $552,000 after buying an additional 119 shares during the period. Compound Planning Inc. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after buying an additional 121 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.7% during the third quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock valued at $286,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series C

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.