Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey Sells 83,500 Shares

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 83,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $95.79, for a total transaction of $7,998,465.00. Following the completion of the sale, the director owned 94,356 shares of the company’s stock, valued at $9,038,361.24. This trade represents a 46.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Chase Carey also recently made the following trade(s):

• On Wednesday, December 17th, Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20.
• 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 value 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 Price Performance

FWONA stock traded down $0.69 during trading on Thursday, reaching $87.39. 124,272 shares of the stock traded hands, compared to its average volume of 108,520. The firm has a market capitalization of $21.85 billion, a PE ratio of 112.04 and a beta of 0.54. The business’s 50 day moving average price is $88.90 and its 200-day moving average price is $90.65. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $68.00 and a 52-week high of $99.52.

Wall Street Analysts Forecast Growth

FWONA has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday. Benchmark restated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. Finally, Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A presently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

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

A number of large investors have recently added to or reduced their stakes in FWONA. Norges Bank acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth about $96,078,000. Hawk Ridge Capital Management LP bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the third quarter worth approximately $14,953,000. Principal Financial Group Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 11.6% in the third quarter. Principal Financial Group Inc. now owns 989,602 shares of the company’s stock valued at $94,234,000 after buying an additional 102,586 shares during the period. Highbridge Capital Management LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 27.8% in the second quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after acquiring an additional 79,413 shares during the last quarter. Finally, Cooper Investors PTY Ltd. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 117.4% during the 3rd quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company’s stock worth $10,758,000 after acquiring an additional 61,011 shares during the period. Institutional investors own 8.38% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

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.