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

Formula One Group (NASDAQ:FWONA) CAO Brian J. Wendling sold 1,094 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $69.57, for a total transaction of $76,109.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 Price Performance

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Formula One Group stock. Integrated Wealth Concepts LLC boosted its position in Formula One Group (NASDAQ:FWONA) by 4.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,462 shares of the company’s stock after acquiring an additional 300 shares during the period. Integrated Wealth Concepts LLC’s holdings in Formula One Group were worth $534,000 as of its most recent SEC filing. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

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.