Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey Sells 81,006 Shares

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey sold 81,006 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $102.89, for a total transaction of $8,334,707.34. Following the sale, the director directly owned 93,102 shares of the company’s stock, valued at $9,579,264.78. This represents a 46.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 Stock Down 1.9%

FWONK opened at $98.81 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The company has a fifty day moving average of $101.47 and a 200-day moving average of $100.05. The stock has a market cap of $22.10 billion, a PE ratio of 126.68 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. GW&K Investment Management LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the first quarter worth $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth $29,000. Headlands Technologies LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at about $38,000. Osterweis Capital Management Inc. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $39,000. Finally, Root Financial Partners LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at about $41,000. 92.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Bank of America started coverage on Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, July 22nd. Zacks Research cut Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Finally, Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and an average target price of $112.11.

About Liberty Media Corporation – Liberty Formula One Series C

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.