Liberty Media Corporation (NASDAQ:FWONA) Chairman John C. Malone sold 153,000 shares of Liberty Media Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total value of $5,708,430.00. Following the completion of the transaction, the chairman now owns 2,708,427 shares in the company, valued at approximately $101,051,411.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Liberty Media Corporation (NASDAQ:FWONA) traded up 0.08% during mid-day trading on Friday, reaching $37.86. The company had a trading volume of 85,252 shares. Liberty Media Corporation has a 12-month low of $26.95 and a 12-month high of $39.32. The firm has a 50-day moving average of $37.40 and a 200-day moving average of $34.18. The company’s market capitalization is $8.14 billion.

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Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company purchased a new stake in Liberty Media Corporation in the second quarter worth about $105,000. Legal & General Group Plc purchased a new stake in Liberty Media Corporation in the second quarter worth about $109,000. Howard Hughes Medical Institute purchased a new stake in Liberty Media Corporation in the second quarter worth about $132,000. Wayne Hummer Investments L.L.C. purchased a new stake in Liberty Media Corporation in the second quarter worth about $218,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Liberty Media Corporation in the second quarter worth about $220,000. Institutional investors and hedge funds own 11.47% of the company’s stock.

Several equities analysts have recently issued reports on FWONA shares. Zacks Investment Research upgraded Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. lifted their price target on Liberty Media Corporation from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. FBR & Co lifted their price target on Liberty Media Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Bank of America Corporation started coverage on Liberty Media Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, J P Morgan Chase & Co started coverage on Liberty Media Corporation in a research note on Tuesday, October 3rd. They issued a “hold” rating and a $38.00 price target on the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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.

Insider Buying and Selling by Quarter for Liberty Media Corporation (NASDAQ:FWONA)

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