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

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

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

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.4%

FWONK stock opened at $109.04 on Friday. The firm has a market cap of $24.47 billion, a PE ratio of 125.33 and a beta of 0.46. The business’s 50-day moving average price is $95.62 and its two-hundred day moving average price is $92.69. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $111.66.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C

Several hedge funds and other institutional investors have recently made changes to their positions in FWONK. Allied Private Wealth LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth about $32,000. Anchor Investment Management LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $39,000. IFP Advisors Inc increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 148.5% during the third quarter. IFP Advisors Inc now owns 420 shares of the company’s stock worth $39,000 after acquiring an additional 251 shares during the last quarter. WPG Advisers LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 585.1% in the 3rd quarter. WPG Advisers LLC now owns 459 shares of the company’s stock worth $42,000 after purchasing an additional 392 shares during the last quarter. Finally, Signaturefd LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at $43,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $96.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Friday, November 6th. Sanford C. Bernstein lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Jefferies Financial Group began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, September 9th. They issued a “buy” rating and a $115.00 price target for the company. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 29th. Finally, Guggenheim upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a report on Monday, August 17th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.44.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C stock (NASDAQ: FWONK) is a tracking stock associated with the company’s Formula One Group. The group’s principal business is Formula 1, the international motorsport series, which organizes and promotes races and manages the championship’s commercial rights, including media, sponsorship, licensing and race-promotion activities. Formula 1 has held world championship races since 1950 and serves a global audience, with events staged across multiple continents.