Liberty Media Corporation - Liberty Formula One Series A $FWONA Shares Sold by Amundi

Key Points

• Amundi cut its FWONA position by 68.1% in the first quarter, selling 48,478 shares and retaining 22,736 shares valued at approximately $1.78 million. Institutional investors collectively own 8.38% of the company.
• Liberty Formula One insiders also sold shares: Director Chase Carey sold 100,000 shares for $9.03 million, while Renee L. Wilm sold 11,597 shares for approximately $1.04 million.
• FWONA shares were up 3.0% at $93.96, but the company missed quarterly earnings estimates, reporting $0.02 per share versus the $0.24 consensus and revenue of $934 million versus $954.37 million expected. Analysts maintain a consensus “Buy” rating with an average price target of $110.

Amundi decreased its position in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) by 68.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,736 shares of the company's stock after selling 48,478 shares during the quarter. Amundi's holdings in Liberty Media Corporation - Liberty Formula One Series A were worth $1,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. lifted its stake in Liberty Media Corporation - Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company's stock valued at $27,000 after buying an additional 150 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 311.8% during the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company's stock worth $44,000 after buying an additional 371 shares in the last quarter. TD Private Client Wealth LLC raised 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 buying an additional 209 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A in the second quarter valued at approximately $66,000. Institutional investors and hedge funds own 8.38% of the company's stock.

Insider Buying and Selling

In other Liberty Media Corporation - Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares of the company's stock, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation - Liberty Formula One Series A stock in a transaction dated 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 completion of the transaction, the insider owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.63% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series A Stock Up 3.0%

Shares of NASDAQ FWONA opened at $93.96 on Friday. The stock's fifty day simple moving average is $87.23 and its 200 day simple moving average is $82.76. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 138.18 and a beta of 0.49. Liberty Media Corporation - Liberty Formula One Series A has a 52-week low of $73.70 and a 52-week high of $99.52.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $954.37 million.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FWONA. Zacks Research upgraded shares of 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. Weiss Ratings reissued a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, June 24th. Citigroup restated a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Wednesday, July 22nd. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $110.00.

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.

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