Chase Carey Sells 81,006 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 81,006 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $102.89, for a total transaction of $8,334,707.34. Following the completion of the sale, the director owned 93,102 shares of the company’s stock, valued at $9,579,264.78. This trade represents a 46.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value of $11,189,267.34.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 1.7%

FWONA opened at $90.12 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $68.00 and a 52 week high of $99.52. The business has a fifty day simple moving average of $92.50 and a 200-day simple moving average of $90.76. The firm has a market cap of $22.48 billion, a P/E ratio of 115.54 and a beta of 0.52.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series A

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Callan Family Office LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth $432,000. Cooper Investors PTY Ltd. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 14.0% during the second quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company’s stock worth $4,935,000 after acquiring an additional 6,389 shares during the last quarter. Longboard Asset Management LP purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth about $272,000. Ethic Inc. purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth about $426,000. Finally, Credit Industriel ET Commercial acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $3,256,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Zacks Research lowered shares of 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. Weiss Ratings restated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, October 8th. Finally, Guggenheim upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.