Liberty Media Corp. (NASDAQ:LMCA) Chairman John C. Malone sold 121,698 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $36.07, for a total value of $4,389,646.86. Following the completion of the transaction, the chairman now owns 16,121,161 shares of the company’s stock, valued at approximately $581,490,277.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Liberty Media Corp. (NASDAQ:LMCA) traded up 1.05% on Wednesday, reaching $31.72. 287,953 shares of the company were exchanged. Liberty Media Corp. has a 52-week low of $17.72 and a 52-week high of $33.28. The stock has a 50 day moving average of $28.89 and a 200-day moving average of $23.44.

Insider Buying and Selling by Quarter for Liberty Media Corp. (NASDAQ:LMCA)

A number of large investors have recently made changes to their positions in LMCA. BlackRock Inc. boosted its stake in shares of Liberty Media Corp. by 3.3% in the third quarter. BlackRock Inc. now owns 5,750 shares of the company’s stock worth $165,000 after buying an additional 186 shares during the period. Rhumbline Advisers boosted its stake in shares of Liberty Media Corp. by 0.9% in the third quarter. Rhumbline Advisers now owns 33,981 shares of the company’s stock worth $974,000 after buying an additional 310 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Liberty Media Corp. by 6.8% in the third quarter. PNC Financial Services Group Inc. now owns 6,523 shares of the company’s stock worth $187,000 after buying an additional 415 shares during the period. California State Teachers Retirement System boosted its stake in shares of Liberty Media Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 48,493 shares of the company’s stock worth $1,389,000 after buying an additional 500 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Liberty Media Corp. by 1.6% in the third quarter. Teachers Advisors LLC now owns 41,361 shares of the company’s stock worth $1,185,000 after buying an additional 640 shares during the period. 26.03% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. FBN Securities lowered Liberty Media Corp. from an “outperform” rating to a “sector perform” rating in a research note on Monday. Pivotal Research increased their price target on Liberty Media Corp. from $35.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Wunderlich downgraded Liberty Media Corp. from a “buy” rating to a “hold” rating and increased their price target for the stock from $25.50 to $31.00 in a research report on Monday, September 26th. Zacks Investment Research downgraded Liberty Media Corp. from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. Finally, Citigroup Inc. raised Liberty Media Corp. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $22.00 to $32.00 in a research report on Tuesday, September 13th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.67.

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Liberty Media Corp. Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

5 Day Chart for NASDAQ:LMCA

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