Brian J. Wendling Sells 145 Shares of Formula One Group (NASDAQ:FWONK) Stock

Formula One Group (NASDAQ:FWONKGet Free Report) CAO Brian J. Wendling sold 145 shares of Formula One Group stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $70.20, for a total value of $10,179.00. Following the sale, the chief accounting officer now owns 6,898 shares in the company, valued at $484,239.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Formula One Group Trading Down 3.4 %

FWONK stock opened at $71.41 on Friday. The firm has a market cap of $16.78 billion and a P/E ratio of 52.12. The stock’s 50 day simple moving average is $70.03 and its 200 day simple moving average is $67.41. Formula One Group has a 12-month low of $60.95 and a 12-month high of $78.58.

Formula One Group (NASDAQ:FWONKGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.21. The business had revenue of $550.00 million for the quarter, compared to analyst estimates of $591.77 million. On average, research analysts forecast that Formula One Group will post 1.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Formula One Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its stake in Formula One Group by 13.6% in the first quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock valued at $1,378,000 after buying an additional 2,514 shares during the last quarter. Norman Fields Gottscho Capital Management LLC increased its holdings in shares of Formula One Group by 7.0% in the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 107,922 shares of the company’s stock worth $6,813,000 after acquiring an additional 7,037 shares during the period. Greenwood Gearhart Inc. lifted its position in Formula One Group by 6.1% in the 3rd quarter. Greenwood Gearhart Inc. now owns 174,111 shares of the company’s stock valued at $10,848,000 after purchasing an additional 9,992 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Formula One Group by 156.3% during the 4th quarter. Russell Investments Group Ltd. now owns 71,618 shares of the company’s stock valued at $4,522,000 after purchasing an additional 43,675 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FWONK. StockNews.com cut shares of Formula One Group from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Evercore ISI upped their target price on shares of Formula One Group from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Formula One Group presently has a consensus rating of “Hold” and a consensus target price of $84.00.

View Our Latest Report on FWONK

Formula One Group Company Profile

(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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Insider Buying and Selling by Quarter for Formula One Group (NASDAQ:FWONK)

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