Formula One Group (NASDAQ:FWONA - Get Free Report) major shareholder Berkshire Hathaway Inc bought 311,637 shares of the business's stock in a transaction on Monday, April 29th. The shares were acquired at an average cost of $25.47 per share, for a total transaction of $7,937,394.39. Following the purchase, the insider now directly owns 70,002,897 shares in the company, valued at $1,782,973,786.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Berkshire Hathaway Inc also recently made the following trade(s):
- On Friday, April 26th, Berkshire Hathaway Inc bought 219,303 shares of Formula One Group stock. The shares were acquired at an average cost of $24.46 per share, for a total transaction of $5,364,151.38.
- On Wednesday, April 24th, Berkshire Hathaway Inc bought 123,388 shares of Formula One Group stock. The shares were acquired at an average cost of $25.22 per share, for a total transaction of $3,111,845.36.
- On Friday, April 12th, Berkshire Hathaway Inc acquired 413,227 shares of Formula One Group stock. The stock was purchased at an average cost of $25.58 per share, for a total transaction of $10,570,346.66.
- On Wednesday, April 10th, Berkshire Hathaway Inc acquired 513,104 shares of Formula One Group stock. The stock was purchased at an average cost of $25.96 per share, for a total transaction of $13,320,179.84.
- On Monday, April 8th, Berkshire Hathaway Inc acquired 938,896 shares of Formula One Group stock. The stock was purchased at an average cost of $26.98 per share, for a total transaction of $25,331,414.08.
- On Thursday, April 4th, Berkshire Hathaway Inc acquired 1,250,000 shares of Formula One Group stock. The stock was purchased at an average cost of $27.76 per share, for a total transaction of $34,700,000.00.
- On Wednesday, March 27th, Berkshire Hathaway Inc acquired 189,759 shares of Formula One Group stock. The stock was purchased at an average cost of $29.25 per share, for a total transaction of $5,550,450.75.
- On Monday, March 25th, Berkshire Hathaway Inc acquired 199,664 shares of Formula One Group stock. The stock was purchased at an average cost of $28.82 per share, for a total transaction of $5,754,316.48.
- On Thursday, March 21st, Berkshire Hathaway Inc acquired 333,916 shares of Formula One Group stock. The stock was purchased at an average cost of $28.92 per share, for a total transaction of $9,656,850.72.
- On Monday, March 11th, Berkshire Hathaway Inc acquired 20,609 shares of Formula One Group stock. The stock was purchased at an average cost of $29.94 per share, for a total transaction of $617,033.46.
Formula One Group Stock Up 1.2 %
Claim Your Complimentary Bitcoin Reward
From Crypto Swap Profits | Ad
Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you?
In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants.
Absolutely no strings attached.
Secure Your Spot Now
Shares of Formula One Group stock opened at $63.01 on Thursday. Formula One Group has a 12-month low of $55.08 and a 12-month high of $69.48. The stock's fifty day moving average is $61.39 and its 200-day moving average is $59.63.
Formula One Group (NASDAQ:FWONA - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.39). The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of FWONA. Janney Montgomery Scott LLC grew its stake in Formula One Group by 3.9% in the third quarter. Janney Montgomery Scott LLC now owns 12,789 shares of the company's stock valued at $723,000 after purchasing an additional 481 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of Formula One Group by 38.1% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 30,829 shares of the company's stock worth $1,787,000 after buying an additional 8,500 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Formula One Group by 19.1% in the third quarter. Strs Ohio now owns 36,262 shares of the company's stock worth $2,050,000 after buying an additional 5,812 shares during the last quarter. Hedge funds and other institutional investors own 8.38% of the company's stock.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $73.00 target price on shares of Formula One Group in a research report on Tuesday, April 2nd.
View Our Latest Report on FWONA
Formula One Group Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
