Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Major Shareholder Sells $4,978,047.69 in Stock

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) major shareholder Berkshire Hathaway Inc sold 59,411 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $83.79, for a total value of $4,978,047.69. Following the sale, the insider owned 10,612,953 shares of the company’s stock, valued at $889,259,331.87. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares 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 Tuesday, January 13th, Berkshire Hathaway Inc sold 30,643 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $82.78, for a total transaction 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 shares were 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 stock was sold at an average price of $83.48, for a total value of $1,688,466.48.

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

Shares of LLYVK stock opened at $96.34 on Friday. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of -24.96 and a beta of 1.40. Liberty Media Corporation – Liberty Live Series C has a 1-year low of $60.55 and a 1-year high of $102.62. The stock’s fifty day simple moving average is $85.04 and its 200-day simple moving average is $88.38.

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

Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Liberty Media Corporation – Liberty Live Series C by 791.0% in the third quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock worth $163,734,000 after buying an additional 1,498,972 shares during the last quarter. Geode Capital Management LLC grew its position in 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 worth $67,460,000 after acquiring an additional 12,443 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth $2,032,000. Highbridge Capital Management LLC raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 13.6% during the 2nd quarter. Highbridge Capital Management LLC now owns 131,960 shares of the company’s stock valued at $10,710,000 after purchasing an additional 15,809 shares in the last quarter. Finally, Amundi raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 19.3% during the 2nd quarter. Amundi now owns 214,190 shares of the company’s stock valued at $17,189,000 after purchasing an additional 34,596 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Liberty Media Corporation – Liberty Live Series C currently has a consensus 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.