Key Points
- Director Chase Carey sold 137,000 FWONA shares on November 11 for about $14.9 million, cutting his stake by 59.22% to 94,356 shares. The article also reports sales on November 10 and 12, totaling 424,331 shares across the three transactions.
- Liberty Formula One reported quarterly EPS of $0.43, below the $0.56 consensus estimate, and revenue of $1.23 billion versus expectations of $1.24 billion.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $114.25; ratings include one Strong Buy, five Buys, and two Holds.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) Director Chase Carey sold 137,000 shares of Liberty Media Corporation - Liberty Formula One Series A stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $108.91, for a total value of $14,920,670.00. Following the sale, the director owned 94,356 shares in the company, valued at $10,276,311.96. This trade represents a 59.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Chase Carey also recently made the following trade(s):
- On Tuesday, November 10th, Chase Carey sold 150,000 shares of Liberty Media Corporation - Liberty Formula One Series A stock. The shares were sold at an average price of $107.86, for a total value of $16,179,000.00.
- On Thursday, November 12th, Chase Carey sold 137,331 shares of Liberty Media Corporation - Liberty Formula One Series A stock. The shares were sold at an average price of $110.14, for a total value of $15,125,636.34.
Liberty Media Corporation - Liberty Formula One Series A Stock Down 1.4%
Shares of NASDAQ FWONA opened at $104.52 on Friday. The business has a 50-day moving average price of $87.93 and a 200 day moving average price of $85.11. The stock has a market cap of $26.18 billion, a PE ratio of 121.82 and a beta of 0.52. Liberty Media Corporation - Liberty Formula One Series A has a 52-week low of $73.70 and a 52-week high of $106.52.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.13). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Sell-side analysts anticipate that Liberty Media Corporation - Liberty Formula One Series A will post 2.11 earnings per share for the current year.
Hedge Funds Weigh In On Liberty Media Corporation - Liberty Formula One Series A
Several institutional investors have recently added to or reduced their stakes in FWONA. GAMMA Investing LLC increased its position in Liberty Media Corporation - Liberty Formula One Series A by 11.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,498 shares of the company's stock valued at $127,000 after acquiring an additional 148 shares during the period. State of Wyoming raised its stake in Liberty Media Corporation - Liberty Formula One Series A by 8.5% during the 3rd quarter. State of Wyoming now owns 3,586 shares of the company's stock valued at $303,000 after acquiring an additional 281 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 235.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the company's stock worth $35,000 after acquiring an additional 292 shares during the period. Allworth Financial LP lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 17.5% during the 3rd quarter. Allworth Financial LP now owns 1,968 shares of the company's stock worth $172,000 after acquiring an additional 293 shares during the period. Finally, QRG Capital Management Inc. lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 13.2% during the 2nd quarter. QRG Capital Management Inc. now owns 3,895 shares of the company's stock worth $341,000 after acquiring an additional 454 shares during the period. Institutional investors and hedge funds own 8.38% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, September 21st. Guggenheim increased their price target on shares of Liberty Media Corporation - Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Zacks Research assumed coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday. They set a "hold" rating on the stock. Finally, TD Cowen raised their price objective on shares of Liberty Media Corporation - Liberty Formula One Series A from $107.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.25.
Check Out Our Latest Research Report on FWONA
Recent Liberty Media Corporation - Liberty Formula One Series A Headlines
Here are a few of the latest headlines about FWONA:
- Positive Sentiment: TD Cowen raised its price target for FWONA, a potentially supportive analyst signal. The article does not specify the new target. TD Cowen price target article
- Neutral Sentiment: Zacks Research initiated coverage with a “hold” rating, indicating a neutral view on the shares. Zacks Research ratings
- Negative Sentiment: Director Chase Carey sold a reported 424,331 shares across transactions dated November 10–12, for approximately $46.2 million, leaving him with 94,356 shares. The scale of the insider selling could pressure investor sentiment, though such sales do not necessarily signal a view on the company’s prospects. SEC filing for Carey’s stock sales
Liberty Media Corporation - Liberty Formula One Series A Company Profile
(
Get Free Report)
Liberty Media Corporation's Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.
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