Insider Selling: Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Sells 150,000 Shares of Company Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 150,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $107.86, for a total value of $16,179,000.00. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $10,177,238.16. This represents a 61.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 11th, Chase Carey sold 137,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The stock was sold at an average price of $108.91, for a total transaction of $14,920,670.00.
• On Thursday, November 12th, Chase Carey sold 137,331 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The stock was 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 Stock Down 1.4%

NASDAQ FWONA traded down $1.46 on Thursday, hitting $104.52. 196,686 shares of the stock were exchanged, compared to its average volume of 176,261. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $106.52. The company has a 50-day moving average price of $87.64 and a 200-day moving average price of $84.99. The company has a market cap of $26.18 billion, a PE ratio of 120.14 and a beta of 0.52.

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

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

Several institutional investors have recently modified their holdings of FWONA. The Manufacturers Life Insurance Company boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock valued at $12,475,000 after buying an additional 13,908 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at $4,033,000. S&CO Inc. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth $5,624,000. Gabelli Funds LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 13.8% during the 1st quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock worth $11,532,000 after acquiring an additional 17,950 shares in the last quarter. Finally, Engineers Gate Manager LP raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 4,106.5% during the 2nd quarter. Engineers Gate Manager LP now owns 174,442 shares of the company’s stock worth $15,271,000 after acquiring an additional 170,295 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Analyst Upgrades and Downgrades

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