Chase Carey Sells 83,536 Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Stock

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Director Chase Carey sold 83,536 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, December 16th, Chase Carey sold 83,500 shares of Liberty Media Corporation – Liberty Live Series A stock. The stock was sold at an average price of $95.79, for a total transaction of $7,998,465.00.

Liberty Media Corporation – Liberty Live Series A Price Performance

NASDAQ LLYVA opened at $82.15 on Friday. Liberty Media Corporation – Liberty Live Series A has a fifty-two week low of $59.45 and a fifty-two week high of $99.63. The stock’s 50-day moving average is $82.62 and its two-hundred day moving average is $84.47. The firm has a market cap of $7.55 billion, a P/E ratio of -21.28 and a beta of 1.39.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LLYVA. Zacks Research raised Liberty Media Corporation – Liberty Live Series A to a “hold” rating in a research report on Tuesday, September 9th. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series A

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Liberty Media Corporation – Liberty Live Series A by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock valued at $192,361,000 after buying an additional 33,550 shares during the last quarter. Pentwater Capital Management LP grew its stake in shares of Liberty Media Corporation – Liberty Live Series A by 0.6% in the first quarter. Pentwater Capital Management LP now owns 615,000 shares of the company’s stock worth $41,353,000 after acquiring an additional 3,500 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Liberty Media Corporation – Liberty Live Series A by 21.7% in the third quarter. Bank of America Corp DE now owns 493,211 shares of the company’s stock worth $46,510,000 after acquiring an additional 87,871 shares during the last quarter. Amundi bought a new position in Liberty Media Corporation – Liberty Live Series A during the third quarter worth $33,923,000. Finally, JPMorgan Chase & Co. increased its position in Liberty Media Corporation – Liberty Live Series A by 56.1% during the second quarter. JPMorgan Chase & Co. now owns 386,705 shares of the company’s stock worth $30,735,000 after acquiring an additional 139,055 shares during the period. Institutional investors and hedge funds own 25.07% of the company’s stock.

Liberty Media Corporation – Liberty Live Series A Company Profile

Liberty Media Corporation – Liberty Live Group Series A (NASDAQ:LLYVA) is a Class A tracking stock of Liberty Media Corporation that is focused on the company’s live sports and entertainment businesses. Headquartered in Englewood, Colorado, Liberty Media was founded in 1991 as a successor to Tele-Communications, Inc, and has since evolved into a diversified holding company. The Liberty Live Group tracking stock provides investors with direct exposure to a portfolio of live sports franchises and related enterprises within the broader Liberty Media framework.

The primary asset underlying the Liberty Live Group is a 100% ownership interest in the Atlanta Braves, one of Major League Baseball’s premier franchises based at Truist Park in Atlanta, Georgia.