Brokerages Set Liberty Media Corporation (LSXMA) Target Price at $47.40
Shares of Liberty Media Corporation (NASDAQ:LSXMA) have been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $47.40.
Several equities analysts have recently weighed in on the stock. Citigroup Inc. increased their price objective on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Pivotal Research increased their price objective on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, August 15th.
In other Liberty Media Corporation news, Chairman John C. Malone sold 153,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total transaction of $5,708,430.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John C. Malone sold 18,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $43.27, for a total transaction of $778,860.00. Following the sale, the chairman now directly owns 15,366,920 shares of the company’s stock, valued at $664,926,628.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,170,487 shares of company stock worth $47,753,954.
A number of institutional investors and hedge funds have recently made changes to their positions in LSXMA. BlackRock Inc. grew its holdings in Liberty Media Corporation by 5,832.2% during the 1st 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 in the last quarter. Berkshire Hathaway Inc. grew its holdings in Liberty Media Corporation by 45.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 14,860,360 shares of the technology company’s stock valued at $623,838,000 after buying an additional 4,612,560 shares in the last quarter. Jana Partners LLC purchased a new stake in Liberty Media Corporation during the 1st quarter valued at approximately $62,713,000. Gruss Capital Management LP purchased a new stake in Liberty Media Corporation during the 2nd quarter valued at approximately $41,077,000. Finally, Numeric Investors LLC grew its holdings in Liberty Media Corporation by 4,638.8% during the 2nd quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock valued at $32,824,000 after buying an additional 765,395 shares in the last quarter. 24.67% of the stock is owned by institutional investors and hedge funds.
Liberty Media Corporation (NASDAQ LSXMA) traded up 0.11% during trading on Wednesday, hitting $43.82. 120,172 shares of the stock traded hands. Liberty Media Corporation has a 52-week low of $31.83 and a 52-week high of $46.43. The company has a market cap of $14.72 billion, a P/E ratio of 31.85 and a beta of 2.61. The firm has a 50-day moving average price of $42.34 and a 200 day moving average price of $42.34.
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About Liberty Media Corporation
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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