Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei Sells 122,799 Shares

Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 122,799 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $47.09, for a total value of $5,782,604.91. Following the completion of the transaction, the chief executive officer now owns 678,081 shares of the company’s stock, valued at $31,930,834.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of FWONA stock opened at $42.64 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of -65.60 and a beta of 0.91. Liberty Media Formula One Series A has a 12-month low of $26.63 and a 12-month high of $43.51. The stock’s 50-day moving average price is $40.68 and its 200-day moving average price is $38.50.

A number of institutional investors have recently made changes to their positions in FWONA. Public Employees Retirement System of Ohio grew its stake in shares of Liberty Media Formula One Series A by 5.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,010 shares of the company’s stock worth $238,000 after buying an additional 294 shares in the last quarter. Strs Ohio increased its holdings in shares of Liberty Media Formula One Series A by 3.3% in the 2nd quarter. Strs Ohio now owns 13,043 shares of the company’s stock worth $467,000 after buying an additional 414 shares during the last quarter. Aperio Group LLC raised its position in shares of Liberty Media Formula One Series A by 2.1% during the 2nd quarter. Aperio Group LLC now owns 32,876 shares of the company’s stock valued at $1,179,000 after buying an additional 665 shares in the last quarter. US Bancorp DE raised its position in shares of Liberty Media Formula One Series A by 62.7% during the 2nd quarter. US Bancorp DE now owns 1,754 shares of the company’s stock valued at $63,000 after buying an additional 676 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Liberty Media Formula One Series A by 1.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 46,541 shares of the company’s stock valued at $1,669,000 after acquiring an additional 727 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

FWONA has been the topic of several recent analyst reports. Benchmark initiated coverage on shares of Liberty Media Formula One Series A in a research report on Wednesday, October 9th. They set a “buy” rating on the stock. FBN Securities downgraded shares of Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 18th. Citigroup upped their target price on shares of Liberty Media Formula One Series A from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised shares of Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and raised their target price for the company from $38.00 to $50.00 in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus 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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