Key Points
- Director Chase Carey sold 100,000 shares of Liberty Media Formula One Series A (FWONA) on May 27 at an average price of $90.28, totaling about $9.03 million. After the sale, he still held 94,356 shares, cutting his ownership by 51.45%.
- FWONA shares were up 0.8% and opened Friday at $83.60, with the stock trading between a 52-week low of $73.70 and high of $99.52. The company has a market cap of about $20.94 billion.
- Wall Street sentiment is broadly positive, with analysts assigning an average rating of “Buy” and a consensus price target of $103.40. Recent ratings included multiple Buy/Strong Buy calls, though one Hold rating remains.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) Director Chase Carey sold 100,000 shares of the business's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Liberty Media Corporation - Liberty Formula One Series A Stock Up 0.8%
Liberty Media Corporation - Liberty Formula One Series A stock opened at $83.60 on Friday. Liberty Media Corporation - Liberty Formula One Series A has a 52 week low of $73.70 and a 52 week high of $99.52. The firm's 50-day simple moving average is $80.83 and its 200 day simple moving average is $82.67. The firm has a market capitalization of $20.94 billion, a PE ratio of 38.35 and a beta of 0.50.
Institutional Trading of Liberty Media Corporation - Liberty Formula One Series A
Institutional investors and hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 55.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company's stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 311.8% in the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company's stock valued at $44,000 after acquiring an additional 371 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 64.7% in the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company's stock valued at $48,000 after acquiring an additional 209 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series A in the second quarter valued at $66,000. 8.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Citizens Jmp assumed coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, March 30th. They issued a "market outperform" rating and a $100.00 price objective on the stock. Zacks Research upgraded shares of Liberty Media Corporation - Liberty Formula One Series A from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. Citigroup boosted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, May 11th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $103.40.
Read Our Latest Report on FWONA
Liberty Media Corporation - Liberty Formula One Series A Company Profile
(
Get Free Report)
Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media's economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media's other media and entertainment holdings.
The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.
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