Insider Selling: Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Director Sells 898 Shares of Stock

Key Points

• Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation - Liberty Formula One Series C, decreasing his ownership by 33.52% and totaling $89,979.60.
• After recent trades, the stock price of FWONK saw a 2.6% decline, bringing the share price to $98.87 as of mid-day trading on September 8th.
• Liberty Media Corporation recently reported $1.52 EPS for the quarter, outperforming analysts' estimates, and has received multiple upgrades from research analysts, raising its average target price to $111.22.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation - Liberty Formula One Series C stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the transaction, the director directly owned 1,781 shares in the company, valued at approximately $178,456.20. The trade was a 33.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Malcolm Ian Grant Gilchrist also recently made the following trade(s):

• On Wednesday, August 27th, Malcolm Ian Grant Gilchrist sold 868 shares of Liberty Media Corporation - Liberty Formula One Series C stock. The shares were sold at an average price of $97.11, for a total transaction of $84,291.48.
• On Monday, August 25th, Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation - Liberty Formula One Series C stock. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40.

Liberty Media Corporation - Liberty Formula One Series C Stock Down 2.6%

Shares of FWONK stock traded down $2.62 during mid-day trading on Wednesday, reaching $98.87. 858,998 shares of the company's stock traded hands, compared to its average volume of 1,165,210. Liberty Media Corporation - Liberty Formula One Series C has a 12 month low of $74.34 and a 12 month high of $106.26. The company has a market cap of $22.11 billion, a P/E ratio of 96.93 and a beta of 0.46. The company's 50-day moving average price is $101.11 and its 200-day moving average price is $95.08.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.71. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Institutional Trading of Liberty Media Corporation - Liberty Formula One Series C

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock worth $11,570,000 after buying an additional 23,809 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after buying an additional 4,897 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock worth $32,518,000 after buying an additional 6,297 shares in the last quarter. HighPoint Advisor Group LLC grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 22.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company's stock worth $382,000 after buying an additional 779 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% during the 1st quarter. Versant Capital Management Inc now owns 2,159 shares of the company's stock worth $194,000 after buying an additional 2,013 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company's stock.

Wall Street Analysts Forecast Growth

FWONK has been the subject of several research reports. Wall Street Zen raised shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Susquehanna upped their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Rosenblatt Securities upped their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Guggenheim upped their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Zacks Research upgraded Liberty Media Corporation - Liberty Formula One Series C to a "strong-buy" rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series C currently has an average rating of "Moderate Buy" and an average target price of $111.22.

Liberty Media Corporation - Liberty Formula One Series C 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.

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