Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 13,435 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.52, for a total value of $369,731.20. Following the completion of the sale, the chief executive officer now directly owns 150,687 shares of the company’s stock, valued at $4,146,906.24. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Liberty Media Formula One Series A stock traded down $0.29 during midday trading on Wednesday, hitting $41.92. 279,203 shares of the company were exchanged, compared to its average volume of 100,053. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market cap of $9.76 billion, a P/E ratio of -64.49 and a beta of 0.91. Liberty Media Formula One Series A has a 52 week low of $26.63 and a 52 week high of $43.51. The firm has a 50 day simple moving average of $40.55 and a 200-day simple moving average of $38.45.
Several research analysts have weighed in on FWONA shares. Citigroup upped their target price 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. JPMorgan Chase & Co. raised Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $50.00 in a research report on Thursday, August 15th. Benchmark started coverage on Liberty Media Formula One Series A in a research report on Wednesday, October 9th. They issued a “buy” rating on the stock. Finally, FBN Securities lowered Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Liberty Media Formula One Series A presently 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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