Gregory B. Maffei Buys 3,500 Shares of Liberty Media Formula One Series A (FWONA) Stock

Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei purchased 3,500 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were purchased at an average cost of $30.29 per share, for a total transaction of $106,015.00. Following the completion of the purchase, the chief executive officer now directly owns 380,219 shares in the company, valued at $11,516,833.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liberty Media Formula One Series A stock opened at $31.25 on Friday. Liberty Media Formula One Series A has a 12-month low of $27.22 and a 12-month high of $37.32. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 25.83 and a beta of 1.34. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37.

Several equities research analysts have issued reports on FWONA shares. Pivotal Research reaffirmed a “buy” rating and set a $49.00 price target on shares of Liberty Media Formula One Series A in a research note on Monday, November 12th. ValuEngine raised shares of Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 14th. Zacks Investment Research cut shares of Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Goldman Sachs Group started coverage on shares of Liberty Media Formula One Series A in a research note on Tuesday, October 9th. They set a “hold” rating and a $39.00 price target on the stock. Finally, Citigroup raised their price target on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Liberty Media Formula One Series A has an average rating of “Buy” and an average price target of $41.00.

Several institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC lifted its holdings in shares of Liberty Media Formula One Series A by 67.4% during the 2nd quarter. Aperio Group LLC now owns 17,984 shares of the company’s stock worth $635,000 after acquiring an additional 7,243 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Liberty Media Formula One Series A by 4.6% during the 2nd quarter. Alps Advisors Inc. now owns 124,425 shares of the company’s stock worth $4,393,000 after acquiring an additional 5,475 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Liberty Media Formula One Series A by 32.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 806,850 shares of the company’s stock worth $28,490,000 after acquiring an additional 199,101 shares during the period. Markel Corp lifted its holdings in shares of Liberty Media Formula One Series A by 17.7% during the 2nd quarter. Markel Corp now owns 219,500 shares of the company’s stock worth $7,751,000 after acquiring an additional 33,000 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Liberty Media Formula One Series A by 5.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 85,407 shares of the company’s stock worth $3,016,000 after acquiring an additional 4,198 shares during the period. 9.10% of the stock is currently owned by institutional investors.

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About Liberty Media Formula One Series A

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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