Liberty Media Corporation (NASDAQ:LSXMA) Chairman John C. Malone sold 128,772 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $43.23, for a total value of $5,566,813.56. Following the transaction, the chairman now directly owns 14,782,102 shares in the company, valued at $639,030,269.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Liberty Media Corporation (NASDAQ:LSXMA) traded up 0.05% on Friday, hitting $43.39. The stock had a trading volume of 161,507 shares. Liberty Media Corporation has a 12 month low of $31.83 and a 12 month high of $46.43. The company has a market cap of $14.58 billion, a P/E ratio of 31.53 and a beta of 2.69. The company’s 50 day moving average price is $43.03 and its 200-day moving average price is $40.14.

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A number of research analysts have recently issued reports on LSXMA shares. Zacks Investment Research downgraded Liberty Media Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Citigroup Inc. reaffirmed a “neutral” rating and set a $40.00 price target (down from $43.00) on shares of Liberty Media Corporation in a report on Monday, May 15th. Pivotal Research reaffirmed a “buy” rating and set a $51.00 price target on shares of Liberty Media Corporation in a report on Wednesday, May 24th. FBR & Co reaffirmed a “buy” rating and set a $53.00 price target on shares of Liberty Media Corporation in a report on Tuesday, May 30th. Finally, Deutsche Bank AG lowered their price target on Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, May 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Liberty Media Corporation presently has a consensus rating of “Buy” and a consensus target price of $45.67.

Several institutional investors have recently modified their holdings of LSXMA. Swiss National Bank raised its position in shares of Liberty Media Corporation by 27.2% in the first quarter. Swiss National Bank now owns 323,852 shares of the technology company’s stock valued at $12,604,000 after buying an additional 69,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Liberty Media Corporation by 0.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168,497 shares of the technology company’s stock valued at $6,558,000 after buying an additional 1,114 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Liberty Media Corporation by 3.8% in the first quarter. Pictet Asset Management Ltd. now owns 32,600 shares of the technology company’s stock valued at $1,269,000 after buying an additional 1,200 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Liberty Media Corporation by 27.2% in the first quarter. Xact Kapitalforvaltning AB now owns 9,888 shares of the technology company’s stock valued at $385,000 after buying an additional 2,114 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Liberty Media Corporation by 1.5% in the first quarter. BNP Paribas Arbitrage SA now owns 378,218 shares of the technology company’s stock valued at $14,720,000 after buying an additional 5,724 shares during the last quarter. 24.15% of the stock is currently owned by institutional investors.

Liberty Media Corporation Company Profile

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

Insider Buying and Selling by Quarter for Liberty Media Corporation (NASDAQ:LSXMA)

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