Korea Investment CORP Makes New Investment in Liberty Media Corporation – Liberty Live Series C $LLYVK

Korea Investment CORP acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) in the 3rd quarter, HoldingsChannel reports. The fund acquired 36,071 shares of the company’s stock, valued at approximately $3,498,000.

Other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth about $26,000. Mather Group LLC. acquired a new position in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $43,000. Aster Capital Management DIFC Ltd acquired a new position in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $83,000. Quent Capital LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $104,000. Finally, Bessemer Group Inc. increased its stake in Liberty Media Corporation – Liberty Live Series C by 579.3% in the third quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock valued at $118,000 after purchasing an additional 1,037 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $83.72, for a total transaction of $643,388.20. Following the transaction, the insider directly owned 10,587,143 shares in the company, valued at approximately $886,355,611.96. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 497,554 shares of company stock valued at $43,484,018.

Liberty Media Corporation – Liberty Live Series C Stock Down 4.3%

Shares of NASDAQ LLYVK opened at $94.74 on Friday. The business has a 50-day moving average price of $89.09 and a 200 day moving average price of $89.17. The stock has a market cap of $8.71 billion, a PE ratio of -182.19 and a beta of 1.26. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $60.55 and a 52-week high of $102.62.

Analysts Set New Price Targets

Several analysts have recently weighed in on LLYVK shares. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C presently has a consensus rating of “Sell”.

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.