Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Sells $268,270.92 in Stock

Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 9,612 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $27.91, for a total transaction of $268,270.92. Following the completion of the sale, the chief executive officer now directly owns 638,072 shares in the company, valued at approximately $17,808,589.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NASDAQ:FWONA traded down $0.79 on Monday, hitting $42.28. The stock had a trading volume of 179,061 shares, compared to its average volume of 98,695. Liberty Media Formula One Series A has a twelve month low of $26.63 and a twelve month 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 firm’s 50 day moving average price is $40.27 and its 200-day moving average price is $38.34. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of -65.05 and a beta of 0.91.

Several large investors have recently modified their holdings of FWONA. Shufro Rose & Co. LLC acquired a new stake in shares of Liberty Media Formula One Series A in the 3rd quarter valued at $48,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Liberty Media Formula One Series A in the 3rd quarter valued at $51,000. Quadrant Capital Group LLC boosted its stake 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 valued at $56,000 after purchasing an additional 1,435 shares in the last quarter. US Bancorp DE boosted its stake 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 valued at $63,000 after purchasing an additional 676 shares in the last quarter. Finally, Pathstone Family Office LLC boosted its stake in shares of Liberty Media Formula One Series A by 562.9% in the 2nd quarter. Pathstone Family Office LLC now owns 2,718 shares of the company’s stock valued at $97,000 after purchasing an additional 2,308 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Several brokerages have issued reports on FWONA. Citigroup boosted their price target on shares of 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 initiated coverage on shares of Liberty Media Formula One Series A in a report on Wednesday, October 9th. They issued 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 research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. upgraded shares of Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $50.00 in a research note on Thursday, August 15th. Two equities research 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. Liberty Media Formula One Series A has a consensus rating of “Buy” and a consensus 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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