London Co. of Virginia Has $16.40 Million Stock Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

London Co. of Virginia trimmed its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 19.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 169,109 shares of the company’s stock after selling 40,859 shares during the period. London Co. of Virginia’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $16,398,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. TD Private Client Wealth LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at about $26,000. Kelleher Financial Advisors bought a new position in Liberty Media Corporation – Liberty Live Series C during the third quarter worth about $26,000. Mather Group LLC. acquired a new stake in Liberty Media Corporation – Liberty Live Series C during the third quarter valued at approximately $43,000. Schroder Investment Management Group acquired a new stake in Liberty Media Corporation – Liberty Live Series C during the third quarter valued at approximately $57,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at approximately $83,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Live Series C Stock Up 3.9%

Shares of LLYVK stock opened at $95.60 on Tuesday. The company has a market capitalization of $8.79 billion, a P/E ratio of -183.85 and a beta of 1.25. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $60.55 and a 12-month high of $102.62. The firm has a 50-day moving average price of $89.47 and a 200 day moving average price of $89.02.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research note on Saturday, February 28th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Liberty Media Corporation – Liberty Live Series C currently has a consensus rating of “Sell”.

Insider Activity at Liberty Media Corporation – Liberty Live Series C

In other news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction that occurred on 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 completion of the transaction, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $83.72, for a total value of $643,388.20. Following the completion of the transaction, the insider directly owned 10,587,143 shares in the company, valued at $886,355,611.96. The trade was a 0.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 414,054 shares of company stock valued at $35,485,553.

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.