Liberty Media Formula One Series A (FWONA) CEO Buys $106,015.00 in Stock

Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was acquired at an average price of $30.29 per share, for a total transaction of $106,015.00. Following the acquisition, the chief executive officer now directly owns 380,219 shares of the company’s stock, valued at approximately $11,516,833.51. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ FWONA opened at $31.25 on Friday. The company has a market capitalization of $6.82 billion, a P/E ratio of 25.83 and a beta of 1.34. Liberty Media Formula One Series A has a one year low of $27.22 and a one year high of $37.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37.

Several research firms recently commented on FWONA. ValuEngine upgraded shares of Liberty Media Formula One Series A from a “hold” rating to a “buy” rating in a report on Friday. Pivotal Research restated a “buy” rating and issued a $49.00 price target on shares of Liberty Media Formula One Series A in a report on Monday, November 12th. Zacks Investment Research upgraded shares of Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Goldman Sachs Group began coverage on shares of Liberty Media Formula One Series A in a report on Tuesday, October 9th. They issued a “hold” rating and a $39.00 price target on the stock. Finally, Citigroup raised their price target on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $41.00.

Several institutional investors and hedge funds have recently bought and sold shares of FWONA. Aperio Group LLC raised its stake in shares of Liberty Media Formula One Series A by 67.4% during the second quarter. Aperio Group LLC now owns 17,984 shares of the company’s stock valued at $635,000 after purchasing an additional 7,243 shares during the period. Alps Advisors Inc. raised its stake in shares of Liberty Media Formula One Series A by 4.6% during the second quarter. Alps Advisors Inc. now owns 124,425 shares of the company’s stock valued at $4,393,000 after purchasing an additional 5,475 shares during the period. State of Wisconsin Investment Board raised its stake in shares of Liberty Media Formula One Series A by 32.8% during the second quarter. State of Wisconsin Investment Board now owns 806,850 shares of the company’s stock valued at $28,490,000 after purchasing an additional 199,101 shares during the period. Markel Corp raised its stake in shares of Liberty Media Formula One Series A by 17.7% during the second quarter. Markel Corp now owns 219,500 shares of the company’s stock valued at $7,751,000 after purchasing an additional 33,000 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Liberty Media Formula One Series A by 5.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 85,407 shares of the company’s stock valued at $3,016,000 after purchasing an additional 4,198 shares during the period. Institutional investors own 9.10% of the company’s stock.

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Liberty Media Formula One Series A Company Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

Further Reading: Growth Stocks

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