Key Points
- Chase Carey sold 81,006 shares of Liberty Media Formula One Series C on Nov. 12 at an average $102.89 for about $8.33M, leaving him with 93,102 shares — a 46.53% reduction in his position (he also sold 109,121 shares on Nov. 10).
- FWONK missed quarterly EPS, reporting $0.24 vs. $0.42 expected while revenue of $1.09B slightly beat estimates; analysts give the stock a "Moderate Buy" consensus with an average price target of $112.11.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) Director Chase Carey sold 81,006 shares of the business's stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $102.89, for a total value of $8,334,707.34. Following the completion of the transaction, the director directly owned 93,102 shares in the company, valued at approximately $9,579,264.78. This represents a 46.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Chase Carey also recently made the following trade(s):
- On Monday, November 10th, Chase Carey sold 109,121 shares of Liberty Media Corporation - Liberty Formula One Series C stock. The shares were sold at an average price of $102.54, for a total value of $11,189,267.34.
Liberty Media Corporation - Liberty Formula One Series C Price Performance
NASDAQ FWONK opened at $98.81 on Friday. The business's fifty day moving average is $101.47 and its 200-day moving average is $100.05. The stock has a market capitalization of $22.10 billion, a price-to-earnings ratio of 126.68 and a beta of 0.46. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Research analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on FWONK. JPMorgan Chase & Co. lifted their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Bank of America initiated coverage on Liberty Media Corporation - Liberty Formula One Series C in a research note on Monday, August 4th. They issued a "neutral" rating and a $110.00 target price on the stock. Wells Fargo & Company upped their price target on Liberty Media Corporation - Liberty Formula One Series C from $86.00 to $94.00 and gave the company an "underweight" rating in a research report on Thursday, November 6th. UBS Group boosted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $98.00 to $107.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Finally, Guggenheim upped their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $112.11.
Read Our Latest Research Report on FWONK
Institutional Trading of Liberty Media Corporation - Liberty Formula One Series C
A number of institutional investors have recently added to or reduced their stakes in FWONK. Oliver Lagore Vanvalin Investment Group bought a new position in Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter worth about $29,000. GW&K Investment Management LLC purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the first quarter worth about $25,000. Headlands Technologies LLC bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. purchased a new position in Liberty Media Corporation - Liberty Formula One Series C during the second quarter valued at approximately $39,000. Finally, Root Financial Partners LLC purchased a new position in Liberty Media Corporation - Liberty Formula One Series C during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 92.26% of the company's stock.
About Liberty Media Corporation - Liberty Formula One Series C
(
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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