Formula One Group (NASDAQ:FWONA - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $86.78 and last traded at $85.59, with a volume of 10094 shares trading hands. The stock had previously closed at $85.75.
Analyst Ratings Changes
Several analysts have weighed in on FWONA shares. Seaport Res Ptn downgraded Formula One Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 5th. Benchmark reiterated a "buy" rating and set a $81.00 price objective on shares of Formula One Group in a research note on Thursday, November 14th.
Check Out Our Latest Stock Report on Formula One Group
Formula One Group Stock Performance
The stock has a market cap of $20.26 billion, a PE ratio of 74.94 and a beta of 0.18. The stock has a 50 day moving average of $76.76 and a two-hundred day moving average of $71.83.
Insider Buying and Selling
In other Formula One Group news, CAO Brian J. Wendling sold 1,094 shares of Formula One Group stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Renee L. Wilm sold 19,202 shares of Formula One Group stock in a transaction on Friday, September 20th. The shares were sold at an average price of $78.78, for a total transaction of $1,512,733.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,911 shares of company stock valued at $2,403,701. Corporate insiders own 4.83% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Formula One Group stock. Integrated Wealth Concepts LLC grew its holdings in Formula One Group (NASDAQ:FWONA - Free Report) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,462 shares of the company's stock after buying an additional 300 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Formula One Group were worth $534,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 8.38% of the company's stock.
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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