Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Sells $15,125,636.34 in Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 137,331 shares of the firm’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $110.14, for a total value of $15,125,636.34. Following the completion of the transaction, the director owned 94,356 shares in the company, valued at $10,392,369.84. The trade was a 59.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction of $16,179,000.00.
• 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.

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

Shares of Liberty Media Corporation – Liberty Formula One Series A stock traded down $1.46 during trading hours on Thursday, reaching $104.52. 196,686 shares of the company’s stock were exchanged, compared to its average volume of 176,261. The business has a fifty day moving average of $87.64 and a two-hundred day moving average of $84.99. The company has a market capitalization of $26.18 billion, a P/E ratio of 120.14 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $73.70 and a 1 year high of $106.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings results 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 firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, research analysts predict that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the third quarter worth about $254,000. Horizon Kinetics Asset Management LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the third quarter worth about $2,558,000. State Street Corp boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 4.4% in the 3rd quarter. State Street Corp now owns 357,465 shares of the company’s stock valued at $30,252,000 after purchasing an additional 15,153 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the 3rd quarter valued at about $3,764,000. Finally, Boyar Asset Management Inc. acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the 3rd quarter valued at about $882,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FWONA. TD Cowen increased their price objective 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 report on Tuesday. Zacks Research initiated coverage on Liberty Media Corporation – Liberty Formula One Series A in a report on Monday. They set a “hold” rating on the stock. Guggenheim boosted 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 report on Friday, August 14th. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.