Insider Selling: Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Major Shareholder Sells $2,536,627.54 in Stock

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) major shareholder Berkshire Hathaway Inc sold 30,643 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $82.78, for a total transaction of $2,536,627.54. Following the completion of the transaction, the insider directly owned 10,672,364 shares in the company, valued at $883,458,291.92. This trade represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

• On Friday, January 16th, Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $83.72, for a total value of $643,388.20.
• On Thursday, January 15th, Berkshire Hathaway Inc sold 18,125 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $84.04, for a total value of $1,523,225.00.
• On Wednesday, January 14th, Berkshire Hathaway Inc sold 59,411 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $83.79, for a total transaction of $4,978,047.69.
• On Monday, January 12th, Berkshire Hathaway Inc sold 66,568 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $83.27, for a total transaction of $5,543,117.36.
• On Friday, January 9th, Berkshire Hathaway Inc sold 18,689 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $82.40, for a total transaction of $1,539,973.60.
• On Thursday, January 8th, Berkshire Hathaway Inc sold 65,071 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $82.25, for a total transaction of $5,352,089.75.
• On Wednesday, January 7th, Berkshire Hathaway Inc sold 44,100 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $81.22, for a total value of $3,581,802.00.
• On Tuesday, January 6th, Berkshire Hathaway Inc sold 20,226 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $83.48, for a total value of $1,688,466.48.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of LLYVK opened at $96.34 on Friday. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $60.55 and a 52-week high of $102.62. The stock’s 50-day simple moving average is $85.04 and its 200 day simple moving average is $88.38. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of -24.96 and a beta of 1.40.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series C

Large investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth about $26,000. Kelleher Financial Advisors purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at about $26,000. Mather Group LLC. bought a new stake in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $43,000. Global Retirement Partners LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth approximately $43,000. Finally, Align Financial LLC bought a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Liberty Media Corporation – Liberty Live Series C has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Company Profile

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.