Insider Selling: Formula One Group (NASDAQ:FWONA) CAO Sells 1,094 Shares of Stock

Formula One Group (NASDAQ:FWONA) CAO Brian J. Wendling sold 1,094 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $69.57, for a total value of $76,109.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Brian J. Wendling also recently made the following trade(s):

• On Friday, September 20th, Brian J. Wendling sold 10,011 shares of Formula One Group stock. The shares were sold at an average price of $73.80, for a total value of $738,811.80.

Formula One Group Stock Performance

Formula One Group stock opened at $77.45 on Friday. Formula One Group has a fifty-two week low of $55.25 and a fifty-two week high of $79.67. The stock has a market cap of $18.20 billion, a P/E ratio of 67.35 and a beta of 0.05. The firm’s fifty day moving average price is $73.39 and its 200-day moving average price is $69.87.

Hedge Funds Weigh In On Formula One Group

An institutional investor recently bought a new position in Formula One Group stock. Lountzis Asset Management LLC acquired a new position in shares of Formula One Group (NASDAQ:FWONA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,079 shares of the company’s stock, valued at approximately $220,000. 8.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and issued a $81.00 price target on shares of Formula One Group in a report on Thursday, November 14th.

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.