Formula One Group (NASDAQ:FWONK – Get Free Report) CAO Brian J. Wendling sold 1,094 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $69.57, for a total value of $76,109.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 stock was sold at an average price of $73.80, for a total value of $738,811.80.
Formula One Group Price Performance
Shares of Formula One Group stock traded down $0.96 during trading on Friday, reaching $84.17. 1,005,929 shares of the stock traded hands, compared to its average volume of 1,161,245. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 74.03 and a beta of 0.01. The business has a fifty day simple moving average of $79.37 and a two-hundred day simple moving average of $76.39. Formula One Group has a 52-week low of $61.23 and a 52-week high of $86.65.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in FWONK. Hahn Capital Management LLC lifted its holdings in shares of Formula One Group by 33.5% in the 2nd quarter. Hahn Capital Management LLC now owns 68,616 shares of the company’s stock valued at $4,929,000 after acquiring an additional 17,219 shares during the last quarter. Greenwood Gearhart Inc. lifted its holdings in shares of Formula One Group by 8.1% in the 3rd quarter. Greenwood Gearhart Inc. now owns 176,160 shares of the company’s stock valued at $13,640,000 after acquiring an additional 13,146 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Formula One Group by 16.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,340 shares of the company’s stock valued at $2,117,000 after acquiring an additional 3,958 shares during the last quarter. Lountzis Asset Management LLC lifted its holdings in shares of Formula One Group by 17.0% in the 3rd quarter. Lountzis Asset Management LLC now owns 5,954 shares of the company’s stock valued at $461,000 after acquiring an additional 864 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA bought a new position in shares of Formula One Group in the 2nd quarter valued at about $48,000. Institutional investors own 92.26% of the company’s stock.
Wall Street Analyst Weigh In
FWONK has been the subject of a number of analyst reports. StockNews.com lowered Formula One Group from a “hold” rating to a “sell” rating in a research note on Monday. UBS Group initiated coverage on Formula One Group in a research note on Thursday, October 17th. They issued a “neutral” rating and a $85.00 price target for the company. Rosenblatt Securities increased their price target on Formula One Group from $91.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley raised their price objective on Formula One Group from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Formula One Group has an average rating of “Hold” and an average target price of $88.25.
Get Our Latest Stock Report on FWONK
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.
See Also
- Five stocks we like better than Formula One Group
- Are Penny Stocks a Good Fit for Your Portfolio?
- Tesla Investors Continue to Profit From the Trump Trade
- Why Invest in 5G? How to Invest in 5G Stocks
- MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Netflix Ventures Into Live Sports, Driving Stock Momentum
Receive News & Ratings for Formula One Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Formula One Group and related companies with MarketBeat.com's FREE daily email newsletter.