Chase Carey Sells 100,000 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 100,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director owned 94,356 shares in the company, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 0.5%

NASDAQ FWONA opened at $83.98 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52. The stock’s fifty day moving average price is $80.96 and its 200-day moving average price is $82.68. The stock has a market cap of $21.03 billion, a P/E ratio of 38.52 and a beta of 0.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup increased their price target on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, March 27th. Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Citizens Jmp assumed coverage on Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Buy” and an average target price of $103.40.

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

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 14.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock worth $118,593,000 after purchasing an additional 191,619 shares during the period. Norges Bank bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter valued at about $90,433,000. Janus Henderson Group PLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company’s stock valued at $78,560,000 after purchasing an additional 10,603 shares during the period. Sculptor Capital LP increased its position in Liberty Media Corporation – Liberty Formula One Series A by 1.7% in the second quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock worth $71,220,000 after buying an additional 12,786 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its position in Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock worth $71,063,000 after buying an additional 7,113 shares in the last quarter. Institutional investors own 8.38% of the company’s stock.

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.