Berkshire Hathaway Inc Buys 219,303 Shares of Formula One Group (NASDAQ:FWONA) Stock

Posted by Defense World Staff on Apr 28th, 2024

Formula One Group (NASDAQ:FWONA – Get Free Report) major shareholder Berkshire Hathaway Inc bought 219,303 shares of the stock in a transaction on Friday, April 26th. The shares were bought at an average price of $24.46 per share, for a total transaction of $5,364,151.38. Following the acquisition, the insider now owns 35,182,219 shares in the company, valued at approximately $860,557,076.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

On Wednesday, April 24th, Berkshire Hathaway Inc acquired 123,388 shares of Formula One Group stock. The shares were acquired at an average price of $25.22 per share, for a total transaction of $3,111,845.36.
On Friday, April 12th, Berkshire Hathaway Inc bought 413,227 shares of Formula One Group stock. The stock was purchased at an average price of $25.58 per share, for a total transaction of $10,570,346.66.
On Wednesday, April 10th, Berkshire Hathaway Inc bought 513,104 shares of Formula One Group stock. The stock was purchased at an average price of $25.96 per share, for a total transaction of $13,320,179.84.
On Monday, April 8th, Berkshire Hathaway Inc acquired 938,896 shares of Formula One Group stock. The stock was bought at an average cost of $26.98 per share, for a total transaction of $25,331,414.08.
On Thursday, April 4th, Berkshire Hathaway Inc bought 1,250,000 shares of Formula One Group stock. The shares were acquired at an average cost of $27.76 per share, for a total transaction of $34,700,000.00.
On Wednesday, March 27th, Berkshire Hathaway Inc bought 189,759 shares of Formula One Group stock. The stock was acquired at an average cost of $29.25 per share, for a total transaction of $5,550,450.75.
On Monday, March 25th, Berkshire Hathaway Inc purchased 199,664 shares of Formula One Group stock. The shares were purchased at an average cost of $28.82 per share, for a total transaction of $5,754,316.48.
On Thursday, March 21st, Berkshire Hathaway Inc purchased 333,916 shares of Formula One Group stock. The shares were purchased at an average cost of $28.92 per share, for a total transaction of $9,656,850.72.
On Monday, March 11th, Berkshire Hathaway Inc acquired 20,609 shares of Formula One Group stock. The shares were bought at an average price of $29.94 per share, with a total value of $617,033.46.
On Friday, March 8th, Berkshire Hathaway Inc purchased 521,804 shares of Formula One Group stock. The stock was acquired at an average cost of $29.86 per share, with a total value of $15,581,067.44.

Formula One Group Stock Up 0.4 %

FWONA opened at $61.63 on Friday. The stock’s 50 day moving average price is $61.33 and its two-hundred day moving average price is $59.58. Formula One Group has a 12-month low of $55.08 and a 12-month high of $69.48.

Formula One Group (NASDAQ:FWONA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.39). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $73.00 target price on shares of Formula One Group in a research note on Tuesday, April 2nd.

Read Our Latest Research Report on Formula One Group

Hedge Funds Weigh In On Formula One Group

Several institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its stake in shares of Formula One Group by 3.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,789 shares of the company’s stock valued at $723,000 after buying an additional 481 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in Formula One Group by 38.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 30,829 shares of the company’s stock worth $1,787,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Strs Ohio lifted its holdings in Formula One Group by 19.1% during the third quarter. Strs Ohio now owns 36,262 shares of the company’s stock worth $2,050,000 after acquiring an additional 5,812 shares in the last quarter. Institutional investors own 8.38% of the company’s stock.

Formula One Group Company Profile

(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.