Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Major Shareholder Sells $3,581,802.00 in Stock

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) major shareholder Berkshire Hathaway Inc sold 44,100 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $81.22, for a total transaction of $3,581,802.00. Following the sale, the insider owned 10,853,335 shares in the company, valued at $881,507,868.70. This represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 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 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 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 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 stock was sold at an average price of $82.25, for a total transaction of $5,352,089.75.
• 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 transaction of $1,688,466.48.

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

NASDAQ:LLYVK opened at $96.34 on Friday. The firm has a market cap of $8.85 billion, a PE ratio of -24.96 and a beta of 1.40. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $60.55 and a 12 month high of $102.62. The company’s 50-day moving average price is $85.04 and its two-hundred day moving average price is $88.38.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth about $26,000. Kelleher Financial Advisors acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth approximately $26,000. Mather Group LLC. acquired a new stake in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth $43,000. Global Retirement Partners LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at $43,000. Finally, Align Financial LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at $48,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

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.