Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey Sells 150,000 Shares of Company Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 150,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $107.86, for a total transaction of $16,179,000.00. Following the completion of the sale, the director owned 94,356 shares in the company, valued at approximately $10,177,238.16. This represents a 61.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Chase Carey also recently made the following trade(s):

• On Wednesday, November 11th, Chase Carey sold 137,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The shares were sold at an average price of $108.91, for a total transaction of $14,920,670.00.
• On Thursday, November 12th, Chase Carey sold 137,331 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The shares were sold at an average price of $110.14, for a total value of $15,125,636.34.

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

Shares of Liberty Media Corporation – Liberty Formula One Series A stock opened at $104.52 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $106.52. The business has a 50-day moving average price of $87.93 and a 200-day moving average price of $85.11. The firm has a market cap of $26.18 billion, a price-to-earnings ratio of 121.82 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its earnings results on Thursday, November 5th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.13). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, equities analysts expect that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FWONA has been the subject of a number of research reports. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Guggenheim boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. TD Cowen upped their price target 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 research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, September 21st. Finally, Zacks Research initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday. They set a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A currently has a consensus rating of “Moderate Buy” and an average price target of $114.25.

Top Liberty Media Corporation – Liberty Formula One Series A Stories

Here are a few of the latest stories about FWONA:

• Positive Sentiment: TD Cowen raised its price target for FWONA, a potentially supportive analyst signal. The article does not specify the new target. TD Cowen price target article
• Neutral Sentiment: Zacks Research initiated coverage with a “hold” rating, indicating a neutral view on the shares. Zacks Research ratings
• Negative Sentiment: Director Chase Carey sold a reported 424,331 shares across transactions dated November 10–12, for approximately $46.2 million, leaving him with 94,356 shares. The scale of the insider selling could pressure investor sentiment, though such sales do not necessarily signal a view on the company’s prospects. SEC filing for Carey’s stock sales

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

Several institutional investors have recently modified their holdings of FWONA. The Manufacturers Life Insurance Company increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock valued at $12,475,000 after purchasing an additional 13,908 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at $4,033,000. S&CO Inc. purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at $5,624,000. Gabelli Funds LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 13.8% in the 1st quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock worth $11,532,000 after acquiring an additional 17,950 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 4,106.5% in the 2nd quarter. Engineers Gate Manager LP now owns 174,442 shares of the company’s stock worth $15,271,000 after acquiring an additional 170,295 shares during the last quarter. 8.38% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.