Chase Carey Sells 83,500 Shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Stock

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Director Chase Carey sold 83,500 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $95.79, for a total value of $7,998,465.00. Following the sale, the director owned 94,356 shares in the company, valued at $9,038,361.24. The trade was a 46.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Chase Carey also recently made the following trade(s):

• On Wednesday, December 17th, Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of LLYVK stock opened at $84.40 on Friday. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of -21.87 and a beta of 1.41. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $60.55 and a 52 week high of $102.62. The firm’s 50-day simple moving average is $85.32 and its two-hundred day simple moving average is $86.82.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Liberty Media Corporation – Liberty Live Series C by 791.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock valued at $163,734,000 after acquiring an additional 1,498,972 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 20.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,395,466 shares of the company’s stock valued at $572,068,000 after purchasing an additional 1,426,605 shares in the last quarter. Norges Bank bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 2nd quarter valued at $58,978,000. JPMorgan Chase & Co. raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 118.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 568,468 shares of the company’s stock valued at $46,137,000 after purchasing an additional 307,902 shares during the period. Finally, Bamco Inc. NY lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 19.2% during the 2nd quarter. Bamco Inc. NY now owns 1,417,398 shares of the company’s stock worth $115,036,000 after purchasing an additional 228,040 shares in the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LLYVK. Zacks Research raised Liberty Media Corporation – Liberty Live Series C to a “hold” rating in a report on Tuesday, September 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

About Liberty Media Corporation – Liberty Live Series C

Liberty Media Corporation – Liberty Live Series C (NASDAQ: LLYVK) is a tracking stock designed to reflect the performance of Liberty Media’s investment in Live Nation Entertainment. Established in August 2023, the Liberty Live tracking stock allows investors to gain targeted exposure to the live entertainment sector without direct ownership of Liberty Media’s other diversified assets. The Series C shares trade separately, offering a clear view of the value and results generated by Live Nation’s global operations.

The underlying asset for the Liberty Live Series C shares is Liberty Media’s equity stake in Live Nation, one of the world’s leading live entertainment companies.