Brian J. Wendling Sells 1,094 Shares of Formula One Group (NASDAQ:FWONA) Stock

Formula One Group (NASDAQ:FWONA) CAO Brian J. Wendling sold 1,094 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $69.57, for a total value of $76,109.58. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $738,811.80.

Formula One Group Stock Performance

FWONA opened at $77.45 on Friday. The company has a market capitalization of $18.20 billion, a PE ratio of 67.35 and a beta of 0.05. The stock’s fifty day moving average is $73.39 and its 200-day moving average is $69.87. Formula One Group has a one year low of $55.25 and a one year high of $79.67.

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 Formula One Group (NASDAQ:FWONA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,079 shares of the company’s stock, valued at approximately $220,000. 8.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

About Formula One Group

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.