Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 16,436 shares of Liberty Media Formula One Series A stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $27.65, for a total value of $454,455.40. Following the completion of the transaction, the chief executive officer now directly owns 177,284 shares in the company, valued at $4,901,902.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ:FWONA traded down $0.97 during trading on Thursday, hitting $41.75. 219,600 shares of the stock were exchanged, compared to its average volume of 98,400. Liberty Media Formula One Series A has a 1-year low of $26.63 and a 1-year high of $43.36. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of -64.23 and a beta of 0.89. The company’s fifty 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.
Several brokerages have commented on FWONA. JPMorgan Chase & Co. raised Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $50.00 in a research report on Thursday, August 15th. Citigroup lifted their price target on 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 downgraded Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, September 18th. Finally, Benchmark began coverage on Liberty Media Formula One Series A in a research report on Wednesday, October 9th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Liberty Media Formula One Series A 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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