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

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) insider Renee Wilm sold 11,597 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $82.73 on Wednesday. The firm has a market cap of $20.72 billion, a price-to-earnings ratio of 37.95 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $99.52. The firm has a fifty day moving average price of $82.11 and a two-hundred day moving average price of $82.06.

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

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock worth $937,000 after purchasing an additional 120 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares in the last quarter. QRG Capital Management Inc. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 3.9% in the first quarter. QRG Capital Management Inc. now owns 3,441 shares of the company’s stock worth $269,000 after purchasing an additional 128 shares in the last quarter. Jones Financial Companies Lllp raised its position in Liberty Media Corporation – Liberty Formula One Series A by 19.0% in the third quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock worth $85,000 after purchasing an additional 143 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citizens Jmp began coverage on Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They set a “market outperform” rating and a $100.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Citigroup upped their price target on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Two investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price 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.