Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 312,034 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $45.72, for a total transaction of $14,266,194.48. Following the completion of the transaction, the chief executive officer now owns 445,475 shares in the company, valued at $20,367,117. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:FWONA opened at $42.61 on Wednesday. The company has a market cap of $9.85 billion, a price-to-earnings ratio of -65.55 and a beta of 0.91. Liberty Media Formula One Series A has a fifty-two week low of $26.63 and a fifty-two week high of $43.51. 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 stock has a fifty day moving average price of $41.00 and a 200-day moving average price of $38.63.
Several analysts have weighed in on FWONA shares. Benchmark assumed coverage on shares of Liberty Media Formula One Series A in a research note on Wednesday, October 9th. They issued a “buy” rating for the company. Citigroup increased 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. FBN Securities cut shares of Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 18th. 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 stock from $38.00 to $50.00 in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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