Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey Sells 109,121 Shares of Stock

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey sold 109,121 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $102.54, for a total value of $11,189,267.34. Following the sale, the director owned 93,102 shares of the company’s stock, valued at approximately $9,546,679.08. The trade was a 53.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.4%

Shares of FWONK opened at $101.61 on Thursday. The stock’s fifty day simple moving average is $101.49 and its 200-day simple moving average is $99.96. The firm has a market capitalization of $22.72 billion, a PE ratio of 130.27 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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

A number of large investors have recently made changes to their positions in the company. GW&K Investment Management LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth $25,000. HighPoint Advisor Group LLC increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 22.3% in the first quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company’s stock worth $382,000 after acquiring an additional 779 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 22.7% during the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after purchasing an additional 23,809 shares during the period. Allstate Corp raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.8% during the first quarter. Allstate Corp now owns 8,253 shares of the company’s stock worth $743,000 after purchasing an additional 2,087 shares during the period. Finally, Strs Ohio bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter valued at about $2,370,000. Institutional investors own 92.26% of the company’s stock.

Analyst Ratings Changes

FWONK has been the subject of a number of recent research reports. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Wells Fargo & Company lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.11.

Liberty Media Corporation – Liberty Formula One Series C 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.