Chase Carey Sells 83,500 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 83,500 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $95.79, for a total value of $7,998,465.00. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $9,038,361.24. This represents a 46.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $11,189,267.34.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of NASDAQ:FWONA opened at $88.45 on Friday. The business’s 50 day moving average price is $88.80 and its 200-day moving average price is $90.65. 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 has a market capitalization of $22.12 billion, a price-to-earnings ratio of 113.40 and a beta of 0.54.

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

A number of hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC lifted 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 purchasing an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 196.2% in the second quarter. Assetmark Inc. now owns 391 shares of the company’s stock valued at $37,000 after purchasing an additional 259 shares during the last quarter. State of Wyoming purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth approximately $66,000. Finally, Russell Investments Group Ltd. grew its holdings in 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 buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.