Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Sells $8,098,815.20 in Stock

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Chase Carey also recently made the following trade(s):

• On Tuesday, December 16th, Chase Carey sold 83,500 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The stock was sold at an average price of $95.79, for a total value of $7,998,465.00.
• On Wednesday, November 12th, Chase Carey sold 81,006 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The stock was 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 C stock. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK stock traded down $0.81 during trading on Thursday, hitting $96.08. 1,204,102 shares of the stock traded hands, compared to its average volume of 1,245,923. The stock has a market cap of $24.03 billion, a price-to-earnings ratio of 123.18 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $75.26 and a 1 year high of $109.36. The firm’s 50 day moving average is $97.36 and its two-hundred day moving average is $100.02.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.18). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. As a group, analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on FWONK. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday. Wells Fargo & Company lifted their price target 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 research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.33.

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

Several hedge funds and other institutional investors have recently made changes to their positions in FWONK. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $29,000. Advisory Services Network LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at approximately $34,000. Headlands Technologies LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth approximately $39,000. Finally, Root Financial Partners LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 92.26% of the company’s stock.

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.