Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey Sells 100,000 Shares

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

NASDAQ:FWONA opened at $83.60 on Friday. The firm has a market cap of $20.94 billion, a P/E ratio of 38.35 and a beta of 0.50. The stock’s 50 day simple moving average is $80.83 and its 200-day simple moving average is $82.67. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $99.52.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FWONA. Citizens Jmp began 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 price objective on the stock. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th. Finally, Citigroup boosted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Two equities research 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. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A currently has a consensus rating of “Buy” and a consensus target price of $103.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FWONA. American Century Companies Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 33.6% during the second quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock worth $365,000 after acquiring an additional 968 shares during the period. M&T Bank Corp grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 25.7% during the second quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock worth $311,000 after acquiring an additional 670 shares during the period. Amundi grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 29.2% during the second quarter. Amundi now owns 14,450 shares of the company’s stock worth $1,336,000 after acquiring an additional 3,264 shares during the period. Daiwa Securities Group Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 54.2% during the second quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company’s stock worth $251,000 after acquiring an additional 929 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 2.9% during the second quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company’s stock worth $15,112,000 after purchasing an additional 4,459 shares in the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

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.