Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei Sells 1,340 Shares of Stock

Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 1,340 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 638,072 shares of the company’s stock, valued at approximately $17,993,630.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Liberty Media Formula One Series A stock opened at $42.28 on Tuesday. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of -65.05 and a beta of 0.91. 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 50 day moving average price of $40.49 and a 200-day moving average price of $38.43. Liberty Media Formula One Series A has a one year low of $26.63 and a one year high of $43.51.

Institutional investors have recently made changes to their positions in the company. Shufro Rose & Co. LLC purchased a new position in shares of Liberty Media Formula One Series A in the 3rd quarter worth approximately $48,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Liberty Media Formula One Series A in the 3rd quarter worth approximately $51,000. Quadrant Capital Group LLC boosted its holdings in shares of Liberty Media Formula One Series A by 17,937.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,443 shares of the company’s stock worth $56,000 after purchasing an additional 1,435 shares during the period. US Bancorp DE boosted its holdings in shares of Liberty Media Formula One Series A by 62.7% in the 2nd quarter. US Bancorp DE now owns 1,754 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares during the period. Finally, Pathstone Family Office LLC lifted its stake in shares of Liberty Media Formula One Series A by 562.9% during the 2nd quarter. Pathstone Family Office LLC now owns 2,718 shares of the company’s stock worth $97,000 after acquiring an additional 2,308 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Several equities analysts have weighed in on FWONA shares. Citigroup raised 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 report on Monday, September 23rd. Benchmark started coverage on Liberty Media Formula One Series A in a report on Wednesday, October 9th. They set a “buy” rating for the company. JPMorgan Chase & Co. upgraded Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and raised their price target for the company from $38.00 to $50.00 in a report on Thursday, August 15th. Finally, FBN Securities cut Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target 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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Insider Buying and Selling by Quarter for Liberty Media Formula One Series A (NASDAQ:FWONA)

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