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

by · The Cerbat Gem

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) Director Chase Carey sold 83,500 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $95.79, for a total value of $7,998,465.00. Following the completion of the sale, the director owned 94,356 shares in the company, valued at $9,038,361.24. This represents a 46.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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 stock was 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 shares were 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 transaction of $11,189,267.34.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Liberty Media Corporation – Liberty Formula One Series C stock traded down $0.81 during mid-day trading on Thursday, reaching $96.08. The company’s stock had a trading volume of 1,204,102 shares, compared to its average volume of 1,245,923. The company has a market capitalization of $24.03 billion, a P/E ratio of 123.18 and a beta of 0.48. The firm’s fifty day moving average price is $97.36 and its two-hundred day moving average price is $100.02. 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 – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.18). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FWONK. Wall Street Zen downgraded 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday. Wells Fargo & Company upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Zacks Research downgraded shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.33.

View Our Latest Stock Analysis on FWONK

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of large investors have recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $29,000. Advisory Services Network LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth about $34,000. Headlands Technologies LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $39,000. Finally, Root Financial Partners LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 92.26% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series C

(Get Free Report)

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.

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