Chase Carey Sells 83,536 Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 83,536 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. 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, December 16th, Chase Carey sold 83,500 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The stock was sold at an average price of $95.79, for a total transaction of $7,998,465.00.
• On Wednesday, November 12th, Chase Carey sold 81,006 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The shares were sold at an average price of $102.89, for a total transaction of $8,334,707.34.
• On Monday, November 10th, Chase Carey sold 109,121 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of NASDAQ FWONA traded down $0.69 during midday trading on Thursday, hitting $87.39. The company’s stock had a trading volume of 124,272 shares, compared to its average volume of 108,520. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $99.52. The firm’s fifty day moving average price is $88.90 and its 200-day moving average price is $90.65. The firm has a market cap of $21.85 billion, a P/E ratio of 112.04 and a beta of 0.54.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series A

A number of institutional investors have recently added to or reduced their stakes in FWONA. Nisa Investment Advisors LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock valued at $859,000 after purchasing an additional 123 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after buying an additional 125 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 19.0% during the third quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock worth $85,000 after acquiring an additional 143 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in Liberty Media Corporation – Liberty Formula One Series A by 4.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,708 shares of the company’s stock worth $352,000 after acquiring an additional 160 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 6.1% in the second quarter. QRG Capital Management Inc. now owns 3,056 shares of the company’s stock worth $290,000 after acquiring an additional 177 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FWONA shares. Zacks Research cut Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday. Finally, Benchmark restated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.