Liberty Media Corporation (NASDAQ:FWONA) Chairman John C. Malone sold 18,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $43.28, for a total transaction of $779,040.00. Following the completion of the transaction, the chairman now directly owns 14,523,102 shares of the company’s stock, valued at $628,559,854.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Liberty Media Corporation (NASDAQ FWONA) opened at 36.75 on Friday. Liberty Media Corporation has a one year low of $26.95 and a one year high of $39.37. The company’s 50-day moving average is $37.58 and its 200-day moving average is $34.51. The firm’s market cap is $7.90 billion.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $105,000. Legal & General Group Plc bought a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $109,000. Howard Hughes Medical Institute bought a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $132,000. Wayne Hummer Investments L.L.C. bought a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $218,000. Finally, Nomura Holdings Inc. bought a new position in Liberty Media Corporation during the 2nd quarter worth approximately $220,000. Institutional investors and hedge funds own 11.45% of the company’s stock.
A number of equities research analysts recently weighed in on FWONA shares. Citigroup Inc. boosted their price target on shares of Liberty Media Corporation from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Macquarie reissued a “buy” rating and set a $45.00 price target on shares of Liberty Media Corporation in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Bank of America Corporation started coverage on shares of Liberty Media Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $45.00 price target for the company. Finally, FBR & Co reissued a “hold” rating on shares of Liberty Media Corporation in a research note on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.38.
About Liberty Media Corporation
Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.
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