Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Sells 137,000 Shares of Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 137,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $108.91, for a total value of $14,920,670.00. Following the transaction, the director directly owned 94,356 shares in the company, valued at $10,276,311.96. The trade was a 59.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 10th, Chase Carey sold 150,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The stock was sold at an average price of $107.86, for a total value of $16,179,000.00.
• On Thursday, November 12th, Chase Carey sold 137,331 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The shares were sold at an average price of $110.14, for a total transaction of $15,125,636.34.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 1.4%

NASDAQ FWONA traded down $1.46 during mid-day trading on Thursday, hitting $104.52. The company’s stock had a trading volume of 196,686 shares, compared to its average volume of 176,261. The company’s 50 day simple moving average is $87.64 and its 200 day simple moving average is $84.99. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $106.52. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 120.14 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.13). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 EPS for the current year.

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

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 235.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock worth $35,000 after acquiring an additional 292 shares during the last quarter. CX Institutional purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the third quarter valued at about $59,000. GAMMA Investing LLC raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.2% in the second quarter. GAMMA Investing LLC now owns 1,350 shares of the company’s stock valued at $118,000 after purchasing an additional 272 shares during the last quarter. State of Wyoming raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 67.1% in the first quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $114,000 after purchasing an additional 587 shares during the last quarter. Finally, Allworth Financial LP grew its position in Liberty Media Corporation – Liberty Formula One Series A by 58.2% in the 2nd quarter. Allworth Financial LP now owns 1,675 shares of the company’s stock worth $147,000 after purchasing an additional 616 shares in the last quarter. 8.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FWONA shares. Zacks Research began coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday. They set a “hold” rating for the company. TD Cowen raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday. Guggenheim lifted their price target on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. Finally, Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A presently has a consensus rating of “Moderate Buy” and an average price target of $114.25.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.