Sen. John W. Hickenlooper Sells Formula One Group (NASDAQ:FWONK) Stock

Senator John W. Hickenlooper (D-Colorado) recently sold shares of Formula One Group NASDAQ: FWONK. In a filing disclosed on May 26th, the Senator disclosed that they had sold between $250,001 and $500,000 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 Formula One Group NASDAQ: FWONK 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 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 Trading Down 0.1%

NASDAQ FWONK traded down $0.12 on Friday, hitting $95.32. The company's stock had a trading volume of 2,230,249 shares, compared to its average volume of 1,235,503. Formula One Group has a 52-week low of $70.31 and a 52-week high of $102.33. The company's 50-day simple moving average is $89.08 and its 200 day simple moving average is $91.03. The firm has a market cap of $23.78 billion, a P/E ratio of 82.89 and a beta of 0.33.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Formula One Group from $83.00 to $80.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. Wall Street Zen downgraded shares of Formula One Group from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Rosenblatt Securities reiterated a "buy" rating and set a $102.00 price target on shares of Formula One Group in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of Formula One Group from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Susquehanna initiated coverage on Formula One Group in a research note on Monday, April 28th. They set a "positive" rating and a $115.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Formula One Group currently has a consensus rating of "Moderate Buy" and an average price target of $98.57.

Insider Buying and Selling at Formula One Group

In related news, Director Chase Carey sold 50,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.60, for a total transaction of $4,730,000.00. Following the sale, the director now owns 93,102 shares of the company's stock, valued at $8,807,449.20. This represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.31% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of Formula One Group by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 27,627 shares of the company's stock worth $2,560,000 after acquiring an additional 287 shares during the period. Hahn Capital Management LLC increased its holdings in Formula One Group by 47.7% in the 4th quarter. Hahn Capital Management LLC now owns 67,197 shares of the company's stock valued at $6,226,000 after acquiring an additional 21,699 shares during the last quarter. Allstate Corp bought a new stake in Formula One Group in the 4th quarter valued at $571,000. Greenwood Gearhart Inc. increased its holdings in Formula One Group by 2.7% in the 4th quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company's stock valued at $16,764,000 after acquiring an additional 4,761 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Formula One Group by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after purchasing an additional 4,897 shares in the last quarter. Institutional investors own 92.26% of the company's stock.

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.