Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey Sells 137,331 Shares of Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 137,331 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $110.14, for a total transaction of $15,125,636.34. Following the transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $10,392,369.84. This represents a 59.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 transaction of $16,179,000.00.
• On Wednesday, November 11th, Chase Carey sold 137,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The shares were sold at an average price of $108.91, for a total transaction of $14,920,670.00.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA opened at $104.52 on Friday. The firm’s fifty day moving average is $87.93 and its two-hundred day moving average is $85.11. The firm 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 twelve month low of $73.70 and a twelve month high of $106.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.13). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Equities analysts forecast that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Zacks Research began coverage on Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday. They set a “hold” rating on the stock. TD Cowen raised their price target on 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. Finally, Guggenheim lifted their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.25.

Top Liberty Media Corporation – Liberty Formula One Series A Stories

Here are a few of the latest stories 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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FWONA. First Trust Advisors LP bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the third quarter worth $254,000. Horizon Kinetics Asset Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the third quarter worth $2,558,000. State Street Corp lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 4.4% in the 3rd quarter. State Street Corp now owns 357,465 shares of the company’s stock valued at $30,252,000 after acquiring an additional 15,153 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 3rd quarter valued at $3,764,000. Finally, Boyar Asset Management Inc. acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the 3rd quarter worth $882,000. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.