Sen. John W. Hickenlooper Purchases Shares of Formula One Group (NASDAQ:FWONK)

Senator John W. Hickenlooper (D-Colorado) recently bought shares of Formula One Group NASDAQ: FWONK. In a filing disclosed on May 26th, the Senator disclosed that they had bought between $100,001 and $250,000 in Formula One Group stock on May 9th.

Senator John W. Hickenlooper also recently made the following trade(s):

• Purchased $250,001 - $500,000 in shares of Liberty Broadband NASDAQ: LBRDK on 5/9/2025.
• Purchased $100,001 - $250,000 in shares of Liberty Broadband NASDAQ: LBRDK on 5/9/2025.
• Sold $100,001 - $250,000 in shares of Liberty Broadband NASDAQ: LBRDK on 5/9/2025.
• Sold $250,001 - $500,000 in shares of Formula One Group NASDAQ: FWONK on 5/9/2025.
• Sold $250,001 - $500,000 in shares of Liberty Broadband NASDAQ: LBRDK on 5/9/2025.
• Sold $15,001 - $50,000 in shares of Formula One Group NASDAQ: FWONK on 5/9/2025.
• Sold $50,001 - $100,000 in shares of Sirius XM NASDAQ: SIRI on 4/25/2025.
• Sold $50,001 - $100,000 in shares of Formula One Group NASDAQ: FWONK on 3/18/2025.

Formula One Group Price Performance

Shares of NASDAQ:FWONK traded down $0.03 on Thursday, hitting $95.44. The company's stock had a trading volume of 862,604 shares, compared to its average volume of 1,247,837. Formula One Group has a 1 year low of $70.31 and a 1 year high of $102.33. The company has a market capitalization of $23.81 billion, a PE ratio of 82.99 and a beta of 0.33. The company has a 50-day simple moving average of $88.97 and a 200 day simple moving average of $90.89.

Formula One Group (NASDAQ:FWONK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.23. The company had revenue of $447.00 million during the quarter, compared to analysts' expectations of $440.80 million. On average, equities research analysts expect that Formula One Group will post 1.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Formula One Group

Hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new position in Formula One Group in the 1st quarter worth about $2,370,000. Allstate Corp grew its stake in Formula One Group by 33.8% in the 1st quarter. Allstate Corp now owns 8,253 shares of the company's stock valued at $743,000 after acquiring an additional 2,087 shares during the period. Russell Investments Group Ltd. increased its holdings in Formula One Group by 22.7% in the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock worth $11,570,000 after acquiring an additional 23,809 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in Formula One Group by 22.3% during the first quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company's stock valued at $382,000 after purchasing an additional 779 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new position in Formula One Group during the first quarter valued at $25,000. Hedge funds and other institutional investors own 92.26% of the company's stock.

Insider Activity

In other Formula One Group news, Director Chase Carey sold 50,000 shares of Formula One Group stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.60, for a total value of $4,730,000.00. Following the completion of the transaction, the director now directly owns 93,102 shares of the company's stock, valued at $8,807,449.20. The trade was a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.31% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $102.00 price target on shares of Formula One Group in a research note on Friday, March 7th. Morgan Stanley dropped their price target on shares of Formula One Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Seaport Res Ptn raised shares of Formula One Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 16th. Susquehanna began coverage on Formula One Group in a research note on Monday, April 28th. They issued a "positive" rating and a $115.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Formula One Group from $105.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $98.57.

About Senator Hickenlooper

John Hickenlooper (Democratic Party) is a member of the U.S. Senate from Colorado. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Hickenlooper (Democratic Party) ran for election to the U.S. Senate to represent Colorado. He won in the general election on November 3, 2020. Hickenlooper also ran for election for President of the United States. He did not appear on the ballot for the Democratic convention on August 18, 2020. Hickenlooper was the 42nd governor of Colorado from 2011 to 2019. He was prevented by term limits from seeking re-election in 2018. On March 4, 2019, Hickenlooper announced that he was running for president of the United States. On August 15, 2019, Hickenlooper suspended his presidential campaign. Hickenlooper previously served as mayor of Denver from 2003 to 2011, during which time the city hosted the 2008 Democratic National Convention. John Hickenlooper was born in Narberth, Pennsylvania. Hickenlooper earned a bachelor's degree and a master's degree in geology from Wesleyan University in 1974 and 1980, respectively. His career experience includes working with Buckhorn Petroleum and founding a brewpub.

Formula One Group Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.