Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Sells $8,098,815.20 in Stock

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, December 16th, Chase Carey sold 83,500 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The shares were sold at an average price of $95.79, for a total transaction of $7,998,465.00.
• On Wednesday, November 12th, Chase Carey sold 81,006 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The stock was 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 shares were 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

Liberty Media Corporation – Liberty Formula One Series C stock traded down $0.81 during mid-day trading on Thursday, hitting $96.08. The company’s stock had a trading volume of 1,204,102 shares, compared to its average volume of 1,245,923. The business has a 50 day moving average price of $97.36 and a 200-day moving average price of $100.02. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $75.26 and a 12 month high of $109.36. The stock has a market cap of $24.03 billion, a price-to-earnings ratio of 123.18 and a beta of 0.48.

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

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C

Several large investors have recently bought and sold shares of FWONK. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $29,000. Advisory Services Network LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth $34,000. Headlands Technologies LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $38,000. Osterweis Capital Management Inc. purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at $39,000. Finally, Root Financial Partners LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at $41,000. 92.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.