Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 1,340 shares of Liberty Media Formula One Series A stock in a transaction on Friday, November 29th. The shares were sold at an average price of $28.20, for a total value of $37,788.00. Following the completion of the transaction, the chief executive officer now owns 638,072 shares in the company, valued at $17,993,630.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of FWONA stock opened at $42.28 on Tuesday. Liberty Media Formula One Series A has a 1-year low of $26.63 and a 1-year high of $43.51. The stock’s fifty day moving average price is $40.49 and its 200 day moving average price is $38.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $9.96 billion, a price-to-earnings ratio of -65.05 and a beta of 0.91.
FWONA has been the topic of a number of analyst reports. Benchmark initiated coverage on Liberty Media Formula One Series A in a report on Wednesday, October 9th. They issued a “buy” rating on the stock. FBN Securities downgraded Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. upgraded Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $50.00 in a research note on Thursday, August 15th. Finally, Citigroup boosted their target price on Liberty Media Formula One Series A from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.67.
Liberty Media Formula One Series A Company Profile
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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