Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Sells $9,028,000.00 in Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series A 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 completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.8%

FWONA traded up $0.65 during midday trading on Thursday, hitting $83.60. The company had a trading volume of 75,662 shares, compared to its average volume of 158,363. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $73.70 and a 52 week high of $99.52. The company has a market capitalization of $20.94 billion, a price-to-earnings ratio of 38.35 and a beta of 0.50. The stock’s 50 day moving average price is $80.75 and its 200 day moving average price is $82.73.

Wall Street Analyst Weigh In

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC increased its position in shares of 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 worth $78,560,000 after acquiring an additional 10,603 shares in the last quarter. Rokos Capital Management LLP bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the first quarter worth about $3,015,000. The Manufacturers Life Insurance Company increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% during the first quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock worth $12,475,000 after acquiring an additional 13,908 shares in the last quarter. Hawk Ridge Capital Management LP increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 47.3% during the first quarter. Hawk Ridge Capital Management LP now owns 441,500 shares of the company’s stock worth $34,472,000 after acquiring an additional 141,700 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.6% during the first quarter. Quantinno Capital Management LP now owns 54,036 shares of the company’s stock worth $4,219,000 after acquiring an additional 4,717 shares in the last quarter. 8.38% of the stock is owned by institutional investors.

About Liberty Media Corporation – Liberty Formula One Series A

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.