Formula One Group (NASDAQ:FWONA) Major Shareholder Buys $5,550,450.75 in Stock

Posted by Ethan Ryder on Mar 29th, 2024

Formula One Group (NASDAQ:FWONA – Get Free Report) major shareholder Berkshire Hathaway Inc bought 189,759 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was acquired at an average cost of $29.25 per share, with a total value of $5,550,450.75. Following the transaction, the insider now owns 32,755,466 shares of the company’s stock, valued at approximately $958,097,380.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

On Monday, March 25th, Berkshire Hathaway Inc bought 199,664 shares of Formula One Group stock. The stock was acquired at an average cost of $28.82 per share, with a total value of $5,754,316.48.
On Thursday, March 21st, Berkshire Hathaway Inc purchased 333,916 shares of Formula One Group stock. The stock was purchased at an average price of $28.92 per share, with a total value of $9,656,850.72.
On Monday, March 11th, Berkshire Hathaway Inc purchased 20,609 shares of Formula One Group stock. The stock was purchased at an average price of $29.94 per share, with a total value of $617,033.46.
On Friday, March 8th, Berkshire Hathaway Inc purchased 521,804 shares of Formula One Group stock. The stock was purchased at an average price of $29.86 per share, with a total value of $15,581,067.44.
On Wednesday, March 6th, Berkshire Hathaway Inc bought 1,188,000 shares of Formula One Group stock. The shares were bought at an average price of $29.39 per share, with a total value of $34,915,320.00.
On Monday, March 4th, Berkshire Hathaway Inc bought 234,194 shares of Formula One Group stock. The shares were bought at an average price of $28.77 per share, with a total value of $6,737,761.38.
On Wednesday, January 31st, Berkshire Hathaway Inc bought 356,487 shares of Formula One Group stock. The shares were bought at an average price of $30.36 per share, with a total value of $10,822,945.32.
On Wednesday, January 24th, Berkshire Hathaway Inc bought 213,385 shares of Formula One Group stock. The shares were bought at an average price of $30.99 per share, with a total value of $6,612,801.15.
On Tuesday, January 16th, Berkshire Hathaway Inc purchased 543,977 shares of Formula One Group stock. The shares were acquired at an average cost of $30.43 per share, for a total transaction of $16,553,220.11.
On Friday, January 12th, Berkshire Hathaway Inc bought 469,563 shares of Formula One Group stock. The stock was purchased at an average cost of $30.40 per share, for a total transaction of $14,274,715.20.

Formula One Group Stock Down 1.6 %

Shares of Formula One Group stock opened at $58.74 on Friday. The firm’s 50 day moving average is $61.31 and its 200 day moving average is $59.38. Formula One Group has a 1 year low of $55.08 and a 1 year high of $69.48.

Formula One Group (NASDAQ:FWONA – Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.39). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion.

Hedge Funds Weigh In On Formula One Group

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Formula One Group by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 259,280 shares of the company’s stock worth $13,853,000 after buying an additional 23,691 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of Formula One Group by 38.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 30,829 shares of the company’s stock worth $1,787,000 after buying an additional 8,500 shares in the last quarter. Strs Ohio lifted its position in shares of Formula One Group by 19.1% during the 3rd quarter. Strs Ohio now owns 36,262 shares of the company’s stock worth $2,050,000 after buying an additional 5,812 shares in the last quarter. Fred Alger Management LLC bought a new stake in shares of Formula One Group in the 3rd quarter worth approximately $38,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Formula One Group by 3.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,789 shares of the company’s stock worth $723,000 after purchasing an additional 481 shares during the period. Institutional investors own 8.38% of the company’s stock.

Formula One Group Company Profile

(Get Free Report)

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.