Liberty Media Corporation (NASDAQ:LSXMA) PT Raised to $47.00
Liberty Media Corporation (NASDAQ:LSXMA) had its target price raised by analysts at Citigroup Inc. from $40.00 to $47.00 in a report issued on Monday. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup Inc.’s price target would suggest a potential upside of 6.82% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. FBR & Co restated a “buy” rating and set a $53.00 price objective on shares of Liberty Media Corporation in a report on Tuesday, May 30th. Pivotal Research restated a “buy” rating and set a $51.00 price objective on shares of Liberty Media Corporation in a report on Wednesday, May 24th. Zacks Investment Research upgraded Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG dropped their price objective 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.17.
Shares of Liberty Media Corporation (NASDAQ:LSXMA) traded down 0.32% during trading on Monday, reaching $43.86. 151,789 shares of the company’s stock traded hands. The stock has a market capitalization of $14.72 billion, a PE ratio of 33.53 and a beta of 2.69. Liberty Media Corporation has a 1-year low of $31.65 and a 1-year high of $46.43. The company has a 50 day moving average price of $41.76 and a 200 day moving average price of $39.31.
Liberty Media Corporation (NASDAQ:LSXMA) last released its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.32 billion. On average, equities analysts forecast that Liberty Media Corporation will post $1.85 EPS for the current fiscal year.
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In other news, Chairman John C. Malone sold 64,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 2,896,672 shares in the company, valued at approximately $95,010,841.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider R. Ted Weschler purchased 507,742 shares of the stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $36.67 per share, with a total value of $18,618,899.14. Following the completion of the acquisition, the insider now directly owns 271,034 shares in the company, valued at approximately $9,938,816.78. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,706,443 shares of company stock valued at $66,290,479 and sold 422,003 shares valued at $16,009,101.
Several large investors have recently modified their holdings 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 worth $347,713,000 after buying an additional 448,320 shares during the period. 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 worth $245,359,000 after buying an additional 6,197,849 shares during the period. Jana Partners LLC purchased a new stake in shares of Liberty Media Corporation during the first quarter worth $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 worth $29,630,000 after buying an additional 45,983 shares during the period. 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 worth $25,700,000 after buying an additional 429,039 shares during the period. Institutional investors and hedge funds own 24.34% of the company’s stock.
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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