Insider Selling: Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Sells 109,121 Shares of Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 109,121 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $102.54, for a total value of $11,189,267.34. Following the completion of the transaction, the director owned 93,102 shares of the company’s stock, valued at $9,546,679.08. The trade was a 53.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.1%

NASDAQ FWONA traded up $0.10 during mid-day trading on Wednesday, hitting $92.52. The stock had a trading volume of 84,811 shares, compared to its average volume of 104,314. The company has a 50 day simple moving average of $92.43 and a 200 day simple moving average of $90.61. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 118.62 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $68.00 and a 52-week high of $99.52.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TD Private Client Wealth LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock worth $31,000 after buying an additional 300 shares during the last quarter. Assetmark Inc. increased its position in Liberty Media Corporation – Liberty Formula One Series A by 196.2% during the second quarter. Assetmark Inc. now owns 391 shares of the company’s stock worth $37,000 after purchasing an additional 259 shares during the last quarter. State of Wyoming acquired a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth approximately $66,000. MAI Capital Management raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 76.2% during the second quarter. MAI Capital Management now owns 821 shares of the company’s stock worth $78,000 after purchasing an additional 355 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 28.9% in the 1st quarter. Russell Investments Group Ltd. now owns 853 shares of the company’s stock valued at $69,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FWONA. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, October 8th. Finally, Guggenheim raised their price target on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.