Wall Street Zen Upgrades Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) to “Sell”

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) was upgraded by Wall Street Zen to a “sell” rating in a note issued to investors on Saturday.

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

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of NASDAQ LLYVK opened at $99.65 on Friday. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $60.55 and a 1 year high of $102.62. The company has a 50 day simple moving average of $86.50 and a 200-day simple moving average of $88.83. The company has a market capitalization of $9.16 billion, a P/E ratio of -191.63 and a beta of 1.40.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series C

In related news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $83.72, for a total value of $643,388.20. Following the completion of the transaction, the insider directly owned 10,587,143 shares of the company’s stock, valued at approximately $886,355,611.96. This represents a 0.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 497,554 shares of company stock worth $43,484,018 in the last quarter.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

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

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.