Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock: Insider Chase Carey Sells 137,331 Shares

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 137,331 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $110.14, for a total value of $15,125,636.34. Following the transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $10,392,369.84. This represents a 59.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, November 10th, Chase Carey sold 150,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The shares were sold at an average price of $107.86, for a total value of $16,179,000.00.
• On Wednesday, November 11th, Chase Carey sold 137,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock. The stock was sold at an average price of $108.91, for a total value of $14,920,670.00.

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

Liberty Media Corporation – Liberty Formula One Series A stock traded down $1.46 during mid-day trading on Thursday, hitting $104.52. The company had a trading volume of 196,686 shares, compared to its average volume of 176,261. The company has a market capitalization of $26.18 billion, a price-to-earnings ratio of 120.14 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $106.52. The company’s fifty day moving average is $87.64 and its 200-day moving average is $84.99.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its earnings results on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.13). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, sell-side 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

A number of research firms have weighed in on FWONA. Zacks Research assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday. They issued a “hold” rating for the company. Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. TD Cowen increased their target price on Liberty Media Corporation – Liberty Formula One Series A from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. Finally, 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 report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.25.

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

Several institutional investors have recently bought and sold shares of FWONA. GAMMA Investing LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 11.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $127,000 after buying an additional 148 shares in the last quarter. State of Wyoming raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 8.5% during the third quarter. State of Wyoming now owns 3,586 shares of the company’s stock valued at $303,000 after acquiring an additional 281 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 235.5% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock valued at $35,000 after acquiring an additional 292 shares during the last quarter. Allworth Financial LP lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 17.5% in the third quarter. Allworth Financial LP now owns 1,968 shares of the company’s stock valued at $172,000 after acquiring an additional 293 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 13.2% in the second quarter. QRG Capital Management Inc. now owns 3,895 shares of the company’s stock valued at $341,000 after acquiring an additional 454 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Media Corporation – Liberty Formula One Series A

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.