Key Points
- Director Chase Carey sold 83,500 FWONA shares on Dec. 16 at an average $95.79 for about $7.998M and has completed several other large sales in Nov–Dec (including 109,121 shares on Nov. 10), reducing his stake by 46.95% to 94,356 shares.
- FWONA recently traded around $87.39 (52‑week range $68.00–$99.52) with a market cap of $21.85B and a P/E of 112.04, and analysts carry a consensus target of $103.00 with an average rating of "Moderate Buy".
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) Director Chase Carey sold 83,500 shares of the business's stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $95.79, for a total value of $7,998,465.00. Following the transaction, the director directly owned 94,356 shares of the company's stock, valued at $9,038,361.24. The trade was a 46.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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 A stock. The shares were 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 A stock. The stock was sold at an average price of $102.89, for a total value of $8,334,707.34.
- On Monday, November 10th, Chase Carey sold 109,121 shares of Liberty Media Corporation - Liberty Formula One Series A 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 A Stock Down 0.8%
Shares of NASDAQ:FWONA opened at $87.39 on Friday. Liberty Media Corporation - Liberty Formula One Series A has a fifty-two week low of $68.00 and a fifty-two week high of $99.52. The firm's 50 day moving average price is $88.90 and its 200 day moving average price is $90.65. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 112.04 and a beta of 0.54.
Institutional Investors Weigh In On Liberty Media Corporation - Liberty Formula One Series A
Hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series A during the 2nd quarter worth approximately $96,078,000. Hawk Ridge Capital Management LP acquired a new stake in Liberty Media Corporation - Liberty Formula One Series A in the 3rd quarter valued at $14,953,000. Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 11.6% in the third quarter. Principal Financial Group Inc. now owns 989,602 shares of the company's stock valued at $94,234,000 after purchasing an additional 102,586 shares during the last quarter. Highbridge Capital Management LLC lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 27.8% during the second quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company's stock worth $34,660,000 after purchasing an additional 79,413 shares during the last quarter. Finally, Cooper Investors PTY Ltd. increased its stake in Liberty Media Corporation - Liberty Formula One Series A by 117.4% during the third quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company's stock valued at $10,758,000 after purchasing an additional 61,011 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on FWONA. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday. Zacks Research cut Liberty Media Corporation - Liberty Formula One Series A from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 9th. Finally, Benchmark reaffirmed a "buy" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $103.00.
View Our Latest Analysis on FWONA
About Liberty Media Corporation - Liberty Formula One Series A
(
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.
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