Liberty Media Corporation (NASDAQ:FWONA) Chairman John C. Malone sold 153,000 shares of Liberty Media Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.31, for a total transaction of $5,708,430.00. Following the completion of the transaction, the chairman now owns 2,708,427 shares of the company’s stock, valued at approximately $101,051,411.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Liberty Media Corporation (NASDAQ:FWONA) traded up 1.98% during trading on Wednesday, hitting $38.16. 431,578 shares of the stock were exchanged. The company’s market cap is $977.20 million. Liberty Media Corporation has a 12-month low of $26.95 and a 12-month high of $38.60. The firm has a 50 day moving average of $36.54 and a 200-day moving average of $33.85.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in Liberty Media Corporation during the second quarter worth $67,778,000. Fairview Capital Investment Management LLC bought a new position in Liberty Media Corporation during the second quarter worth $40,832,000. Odey Asset Management Group Ltd bought a new position in Liberty Media Corporation during the second quarter worth $33,331,000. Dynamo Internacional Gestao DE Recursos LTDA. bought a new position in Liberty Media Corporation during the second quarter worth $28,495,000. Finally, Southeastern Asset Management Inc. TN bought a new position in Liberty Media Corporation during the second quarter worth $19,525,000. Hedge funds and other institutional investors own 11.47% of the company’s stock.

FWONA has been the subject of several recent analyst reports. Citigroup Inc. upgraded shares of Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, September 5th. FBR & Co boosted their price objective on shares of Liberty Media Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. FBN Securities downgraded shares of Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 6th. Finally, Bank of America Corporation initiated coverage on shares of Liberty Media Corporation in a research report on Thursday, September 28th. They set a “buy” rating and a $45.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.50.

About Liberty Media Corporation

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

Insider Buying and Selling by Quarter for Liberty Media Corporation (NASDAQ:FWONA)

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