Insider Selling: Formula One Group (NASDAQ:FWONA) CAO Sells $34,485.00 in Stock

Formula One Group (NASDAQ:FWONAGet Rating) CAO Brian J. Wendling sold 1,045 shares of the company’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $33.00, for a total value of $34,485.00. Following the transaction, the chief accounting officer now directly owns 17,826 shares in the company, valued at $588,258. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Formula One Group Stock Performance

FWONA stock opened at $53.50 on Friday. Formula One Group has a fifty-two week low of $45.01 and a fifty-two week high of $64.70. The business’s 50-day moving average is $53.07 and its two-hundred day moving average is $56.08. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.95 and a quick ratio of 0.95.

Formula One Group (NASDAQ:FWONAGet Rating) last posted its earnings results on Friday, November 4th. The company reported $0.31 earnings per share for the quarter. Formula One Group had a return on equity of 0.19% and a net margin of 1.34%. The company had revenue of $715.00 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FWONA. Brown Brothers Harriman & Co. increased its position in Formula One Group by 31.4% in the first quarter. Brown Brothers Harriman & Co. now owns 1,752 shares of the company’s stock worth $111,000 after buying an additional 419 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Formula One Group in the first quarter worth about $30,000. FNY Investment Advisers LLC increased its position in Formula One Group by 41.4% in the third quarter. FNY Investment Advisers LLC now owns 1,640 shares of the company’s stock worth $86,000 after buying an additional 480 shares in the last quarter. Fred Alger Management LLC purchased a new stake in shares of Formula One Group during the third quarter worth about $38,000. Finally, US Bancorp DE grew its position in shares of Formula One Group by 135.7% during the second quarter. US Bancorp DE now owns 2,605 shares of the company’s stock worth $150,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 9.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Formula One Group from $55.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, September 14th.

Formula One Group Company Profile

(Get Rating)

Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the 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.

Featured Stories

Insider Buying and Selling by Quarter for Formula One Group (NASDAQ:FWONA)

Receive News & Ratings for Formula One Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Formula One Group and related companies with MarketBeat.com's FREE daily email newsletter.