Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) insider Renee Wilm sold 11,597 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares of the company's stock, valued at $1,404,503.10. This trade represents a 42.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Liberty Media Corporation - Liberty Formula One Series A Stock Down 0.6%
NASDAQ:FWONA opened at $82.73 on Wednesday. Liberty Media Corporation - Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $99.52. The firm has a market capitalization of $20.72 billion, a PE ratio of 37.95 and a beta of 0.52. The firm has a 50-day moving average price of $82.11 and a 200 day moving average price of $82.06.
Institutional Trading of Liberty Media Corporation - Liberty Formula One Series A
Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 14.4% during the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company's stock worth $118,593,000 after buying an additional 191,619 shares in the last quarter. Norges Bank acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series A during the fourth quarter worth approximately $90,433,000. Janus Henderson Group PLC grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company's stock valued at $78,560,000 after purchasing an additional 10,603 shares during the last quarter. Sculptor Capital LP grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 1.7% during the second quarter. Sculptor Capital LP now owns 750,000 shares of the company's stock valued at $71,220,000 after purchasing an additional 12,786 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 1.0% during the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company's stock valued at $71,063,000 after purchasing an additional 7,113 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on FWONA. Citizens Jmp began 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 target for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Friday, March 27th. Citigroup raised 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 report on Monday, May 11th. Finally, Zacks Research raised shares of Liberty Media Corporation - Liberty Formula One Series A from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Two equities research 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 stock. According to data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series A currently has an average rating of "Buy" and an average price target of $103.33.
Read Our Latest Stock Analysis on FWONA
About Liberty Media Corporation - Liberty Formula One Series A
(
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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