Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 12,678 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $27.75, for a total value of $351,814.50. Following the completion of the sale, the chief executive officer now owns 267,286 shares of the company’s stock, valued at $7,417,186.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of FWONA stock opened at $42.72 on Thursday. The stock’s 50-day simple moving average is $39.66 and its 200-day simple moving average is $38.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a market capitalization of $9.59 billion, a PE ratio of -65.72 and a beta of 0.89. Liberty Media Formula One Series A has a fifty-two week low of $26.63 and a fifty-two week high of $43.36.
A number of equities research analysts have commented on the company. FBN Securities cut Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. upgraded Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and increased their price target for the company from $38.00 to $50.00 in a research note on Thursday, August 15th. Citigroup increased their price target on Liberty Media Formula One Series A from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Benchmark began coverage on Liberty Media Formula One Series A in a research note on Wednesday, October 9th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.67.
About Liberty Media Formula One Series A
Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.
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