Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Insider Sells $1,044,773.73 in Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) insider Renee Wilm sold 11,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 0.8%

FWONA stock opened at $84.06 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52. The stock has a market cap of $21.05 billion, a P/E ratio of 38.56 and a beta of 0.52. The company’s 50 day moving average is $82.27 and its two-hundred day moving average is $82.00.

Analysts Set New Price Targets

Several brokerages recently weighed in on FWONA. Citigroup increased their price target on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Citizens Jmp assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price for the company. Zacks Research upgraded 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $103.33.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. grew its stake 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. Northwestern Mutual Wealth Management Co. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after buying an additional 125 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock worth $44,000 after buying an additional 371 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after acquiring an additional 209 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at approximately $66,000. Institutional investors and hedge funds own 8.38% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

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.