Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey Sells 83,500 Shares

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Director Chase Carey sold 83,500 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $95.79, for a total transaction of $7,998,465.00. Following the sale, the director directly owned 94,356 shares of the company’s stock, valued at $9,038,361.24. The trade was a 46.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, December 17th, Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20.
• On Wednesday, November 12th, Chase Carey sold 81,006 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The stock was sold at an average price of $102.89, for a total transaction of $8,334,707.34.
• On Monday, November 10th, Chase Carey sold 109,121 shares of Liberty Media Corporation – Liberty Formula One Series C stock. The stock was sold at an average price of $102.54, for a total value of $11,189,267.34.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK traded down $0.81 during mid-day trading on Thursday, reaching $96.08. 1,204,102 shares of the company’s stock traded hands, compared to its average volume of 1,245,923. The company has a 50 day moving average price of $97.36 and a 200-day moving average price of $100.02. The firm has a market capitalization of $24.03 billion, a price-to-earnings ratio of 123.18 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. As a group, analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 1.9% in the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock worth $613,000 after acquiring an additional 110 shares in the last quarter. Blair William & Co. IL grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.0% in the second quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after purchasing an additional 118 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.3% in the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock worth $552,000 after purchasing an additional 119 shares in the last quarter. Compound Planning Inc. raised its position in Liberty Media Corporation – Liberty Formula One Series C by 6.1% during the 3rd quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after purchasing an additional 121 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.7% in the 3rd quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock worth $286,000 after buying an additional 124 shares during the period. Institutional investors own 92.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FWONK shares. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.33.

About Liberty Media Corporation – Liberty Formula One Series C

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.