Renee Wilm Sells 11,597 Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) insider Renee Wilm sold 11,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.8%

Shares of NASDAQ FWONA opened at $83.39 on Thursday. The business’s 50 day moving average price is $82.19 and its two-hundred day moving average price is $82.03. The company has a market cap of $20.89 billion, a PE ratio of 38.25 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52.

Analyst Ratings Changes

A number of equities analysts have weighed in on FWONA shares. Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Citigroup boosted their price objective on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Citizens Jmp began coverage on Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, March 30th. They set a “market outperform” rating and a $100.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Buy” and a consensus target price of $103.33.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after acquiring an additional 150 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares during the period. Global Retirement Partners LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after acquiring an additional 371 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock valued at $48,000 after acquiring an additional 209 shares during the period. Finally, State of Wyoming bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at approximately $66,000. Institutional investors own 8.38% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.