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

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 dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of NASDAQ:FWONA traded up $0.65 during midday trading on Thursday, hitting $83.60. 75,662 shares of the company’s stock were exchanged, compared to its average volume of 158,363. The stock has a 50 day moving average price of $80.75 and a 200-day moving average price of $82.73. The company has a market cap of $20.94 billion, a PE ratio of 38.35 and a beta of 0.50. 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 research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of 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. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Citizens Jmp assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, March 30th. They set a “market outperform” rating and a $100.00 price target on the stock. Finally, Zacks Research upgraded shares of 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. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $103.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 11.6% during the third quarter. Principal Financial Group Inc. now owns 989,602 shares of the company’s stock worth $94,234,000 after purchasing an additional 102,586 shares during the last quarter. M&T Bank Corp boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 848.4% in the fourth quarter. M&T Bank Corp now owns 32,880 shares of the company’s stock valued at $2,939,000 after acquiring an additional 29,413 shares during the last quarter. Credit Industriel ET Commercial boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 35.4% in the third quarter. Credit Industriel ET Commercial now owns 46,411 shares of the company’s stock valued at $4,419,000 after acquiring an additional 12,122 shares during the last quarter. UBS Group AG boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 11.4% in the fourth quarter. UBS Group AG now owns 130,375 shares of the company’s stock valued at $11,653,000 after acquiring an additional 13,302 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 10,150.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,080 shares of the company’s stock valued at $3,225,000 after acquiring an additional 35,728 shares during the last quarter. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

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.