Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Major Shareholder Sells $1,688,466.48 in Stock

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) major shareholder Berkshire Hathaway Inc sold 20,226 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $83.48, for a total transaction of $1,688,466.48. Following the completion of the sale, the insider directly owned 10,897,435 shares of the company’s stock, valued at $909,717,873.80. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 transaction 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 transaction 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 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 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 stock was sold at an average price of $83.27, for a total value 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 shares were sold at an average price of $82.40, for a total value 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 value 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.

Liberty Media Corporation – Liberty Live Series C Price Performance

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

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

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

A number of large investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its position in shares of Liberty Media Corporation – Liberty Live Series C by 5.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock valued at $857,803,000 after purchasing an additional 551,011 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after buying an additional 63,117 shares during the period. ValueAct Holdings L.P. grew its stake in Liberty Media Corporation – Liberty Live Series C by 2.5% in the 4th quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock valued at $299,708,000 after buying an additional 88,100 shares during the last quarter. Morgan Stanley raised its holdings in Liberty Media Corporation – Liberty Live Series C by 1.0% in the 4th quarter. Morgan Stanley now owns 2,062,231 shares of the company’s stock worth $171,495,000 after acquiring an additional 20,587 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Liberty Media Corporation – Liberty Live Series C by 7.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock worth $150,744,000 after acquiring an additional 124,223 shares during the period. Institutional investors own 60.36% of the company’s stock.

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.