Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) to a sell rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Up 2.4%

Shares of NASDAQ:LLYVK opened at $99.65 on Friday. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $60.55 and a 52 week high of $102.62. The company has a 50-day moving average price of $86.50 and a 200 day moving average price of $88.82. The company has a market cap of $9.16 billion, a P/E ratio of -191.63 and a beta of 1.40.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series C

In related news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the firm’s stock in a transaction dated 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 owned 10,587,143 shares of the company’s stock, valued at $886,355,611.96. This trade represents a 0.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 497,554 shares of company stock worth $43,484,018 in the last three months.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Alpine Global Management LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at approximately $832,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 5.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock worth $857,803,000 after acquiring an additional 551,011 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 102.7% in the fourth quarter. Corient Private Wealth LLC now owns 12,670 shares of the company’s stock valued at $1,054,000 after acquiring an additional 6,419 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 19.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,888 shares of the company’s stock valued at $656,000 after acquiring an additional 1,303 shares during the last quarter. Finally, KKM Financial LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at $1,463,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

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.