Renee Wilm Sells 11,597 Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) insider Renee Wilm sold 11,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 0.6%

FWONA stock traded down $0.53 during midday trading on Tuesday, reaching $82.73. 176,726 shares of the company’s stock traded hands, compared to its average volume of 154,481. 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 stock has a market cap of $20.72 billion, a P/E ratio of 37.95 and a beta of 0.52. The stock’s 50-day moving average is $82.07 and its 200 day moving average is $82.09.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

A number of hedge funds and other institutional investors have recently modified their holdings of FWONA. TD Waterhouse Canada Inc. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock worth $44,000 after acquiring an additional 371 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 64.7% during the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after acquiring an additional 209 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth $66,000. Institutional investors own 8.38% of the company’s stock.

Analyst Upgrades and Downgrades

FWONA has been the subject of a number of recent analyst reports. 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 upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Citizens Jmp initiated coverage on shares of 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 price target for the company. Finally, Citigroup upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $103.33.

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.