Andra AP fonden cut its stake in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,300 shares of the technology company’s stock after selling 23,400 shares during the period. Andra AP fonden’s holdings in Liberty Media Corporation were worth $2,657,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LSXMA. Vanguard Group Inc. increased its stake in shares of Liberty Media Corporation by 5.3% in the first quarter. Vanguard Group Inc. now owns 8,934,026 shares of the technology company’s stock valued at $347,713,000 after buying an additional 448,320 shares during the last quarter. BlackRock Inc. increased its stake in shares of Liberty Media Corporation by 5,832.2% in the first quarter. BlackRock Inc. now owns 6,304,119 shares of the technology company’s stock valued at $245,359,000 after buying an additional 6,197,849 shares during the last quarter. Jana Partners LLC acquired a new stake in shares of Liberty Media Corporation during the first quarter valued at $62,713,000. Geode Capital Management LLC increased its stake in shares of Liberty Media Corporation by 6.4% in the first quarter. Geode Capital Management LLC now owns 761,550 shares of the technology company’s stock valued at $29,630,000 after buying an additional 45,983 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Liberty Media Corporation by 185.5% in the first quarter. Point72 Asset Management L.P. now owns 660,339 shares of the technology company’s stock valued at $25,700,000 after buying an additional 429,039 shares during the last quarter. 24.68% of the stock is owned by institutional investors and hedge funds.

Shares of Liberty Media Corporation (NASDAQ:LSXMA) opened at 44.53 on Friday. Liberty Media Corporation has a one year low of $31.83 and a one year high of $46.43. The stock has a 50 day moving average price of $43.47 and a 200 day moving average price of $40.46. The stock has a market capitalization of $14.96 billion, a P/E ratio of 32.36 and a beta of 2.76.

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Several equities research analysts have recently weighed in on the company. Citigroup Inc. reiterated a “neutral” rating and issued a $40.00 price target (down from $43.00) on shares of Liberty Media Corporation in a report on Monday, May 15th. Pivotal Research reiterated a “buy” rating and issued a $51.00 price target on shares of Liberty Media Corporation in a report on Wednesday, May 24th. Zacks Investment Research downgraded Liberty Media Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. FBR & Co reiterated a “buy” rating and issued a $53.00 price target on shares of Liberty Media Corporation in a report on Tuesday, May 30th. Finally, Deutsche Bank AG reduced 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 company. The company currently has a consensus rating of “Buy” and an average target price of $45.67.

In other Liberty Media Corporation news, Chairman John C. Malone sold 18,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $43.27, for a total transaction of $778,860.00. Following the transaction, the chairman now directly owns 15,366,920 shares in the company, valued at $664,926,628.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 64,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $32.80, for a total value of $2,099,200.00. Following the transaction, the chairman now owns 2,896,672 shares in the company, valued at $95,010,841.60. The disclosure for this sale can be found here. Insiders sold 1,024,821 shares of company stock worth $41,819,013 over the last quarter.

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).

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Institutional Ownership by Quarter for Liberty Media Corporation (NASDAQ:LSXMA)

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