Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Major Shareholder Sells $1,523,225.00 in Stock

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) major shareholder Berkshire Hathaway Inc sold 18,125 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $84.04, for a total value of $1,523,225.00. Following the completion of the sale, the insider owned 10,594,828 shares of the company’s stock, valued at $890,389,345.12. This represents a 0.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $83.72, for a total value of $643,388.20.
• On Wednesday, January 14th, Berkshire Hathaway Inc sold 59,411 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $83.79, for a total value of $4,978,047.69.
• On Tuesday, January 13th, Berkshire Hathaway Inc sold 30,643 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $82.78, for a total value of $2,536,627.54.
• On Monday, January 12th, Berkshire Hathaway Inc sold 66,568 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were 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 transaction 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 stock was sold at an average price of $83.48, for a total transaction of $1,688,466.48.

Liberty Media Corporation – Liberty Live Series C Stock Up 1.8%

Shares of LLYVK stock opened at $96.34 on Friday. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $60.55 and a 12-month high of $102.62. The firm has a fifty day moving average of $85.04 and a 200-day moving average of $88.38. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of -24.96 and a beta of 1.40.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of 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 worth $163,734,000 after purchasing an additional 1,498,972 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% in the second quarter. Geode Capital Management LLC now owns 831,062 shares of the company’s stock valued at $67,460,000 after buying an additional 12,443 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter valued at $2,032,000. Highbridge Capital Management LLC increased its holdings in Liberty Media Corporation – Liberty Live Series C by 13.6% during the second quarter. Highbridge Capital Management LLC now owns 131,960 shares of the company’s stock worth $10,710,000 after buying an additional 15,809 shares during the last quarter. Finally, Amundi raised its position in Liberty Media Corporation – Liberty Live Series C by 19.3% during the second quarter. Amundi now owns 214,190 shares of the company’s stock worth $17,189,000 after acquiring an additional 34,596 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors.

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.