NASDAQ:FWONA - Get Free Report ) major shareholder Berkshire Hathaway Inc bought 311,637 shares of the company's stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $25.47 per share, with a total value of $7,937,394.39. Following the transaction, the insider now owns 70,002,897 shares of the company's stock, valued at $1,782,973,786.59. The acquisition was disclosed in a legal filing with the SEC, which is available through this link . Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
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Berkshire Hathaway Inc also recently made the following trade(s):
On Friday, April 26th, Berkshire Hathaway Inc purchased 219,303 shares of Formula One Group stock. The shares were acquired at an average price of $24.46 per share, with a total value of $5,364,151.38. On Wednesday, April 24th, Berkshire Hathaway Inc acquired 123,388 shares of Formula One Group stock. The stock was acquired at an average cost of $25.22 per share, for a total transaction of $3,111,845.36. On Friday, April 12th, Berkshire Hathaway Inc bought 413,227 shares of Formula One Group stock. The stock was bought at an average cost of $25.58 per share, for a total transaction of $10,570,346.66. On Wednesday, April 10th, Berkshire Hathaway Inc purchased 513,104 shares of Formula One Group stock. The stock was purchased at an average price of $25.96 per share, for a total transaction of $13,320,179.84. On Monday, April 8th, Berkshire Hathaway Inc acquired 938,896 shares of Formula One Group stock. The shares were purchased at an average price of $26.98 per share, with a total value of $25,331,414.08. On Thursday, April 4th, Berkshire Hathaway Inc purchased 1,250,000 shares of Formula One Group stock. The stock was purchased at an average cost of $27.76 per share, with a total value of $34,700,000.00. On Wednesday, March 27th, Berkshire Hathaway Inc bought 189,759 shares of Formula One Group stock. The stock was acquired at an average cost of $29.25 per share, with a total value of $5,550,450.75. On Monday, March 25th, Berkshire Hathaway Inc acquired 199,664 shares of Formula One Group stock. The stock was acquired at an average price of $28.82 per share, with a total value of $5,754,316.48. On Thursday, March 21st, Berkshire Hathaway Inc purchased 333,916 shares of Formula One Group stock. The stock was bought at an average cost of $28.92 per share, for a total transaction of $9,656,850.72. On Monday, March 11th, Berkshire Hathaway Inc acquired 20,609 shares of Formula One Group stock. The shares were purchased at an average price of $29.94 per share, with a total value of $617,033.46. Formula One Group Stock Up 1.2 % Shares of Formula One Group stock traded up $0.74 during trading on Wednesday, hitting $63.01. 71,174 shares of the stock were exchanged, compared to its average volume of 94,322. Formula One Group has a 1-year low of $55.08 and a 1-year high of $69.48. The company has a fifty day moving average price of $61.35 and a 200-day moving average price of $59.60.
Formula One Group (NASDAQ:FWONA - Get Free Report ) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.39). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion.
Wall Street Analysts Forecast Growth Separately, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $73.00 price target on shares of Formula One Group in a research note on Tuesday, April 2nd.
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Hedge Funds Weigh In On Formula One Group Large investors have recently modified their holdings of the stock. Kornitzer Capital Management Inc. KS increased its stake in shares of Formula One Group by 38.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 30,829 shares of the company's stock worth $1,787,000 after purchasing an additional 8,500 shares during the period. Janney Montgomery Scott LLC increased its position in Formula One Group by 3.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 12,789 shares of the company's stock worth $723,000 after buying an additional 481 shares during the period. Finally, Strs Ohio lifted its holdings in shares of Formula One Group by 19.1% during the third quarter. Strs Ohio now owns 36,262 shares of the company's stock worth $2,050,000 after buying an additional 5,812 shares in the last quarter. 8.38% of the stock is owned by institutional investors.
About Formula One Group (
Get Free Report )
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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