JPMorgan Chase & Co. Lowers Stock Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

JPMorgan Chase & Co. reduced its position in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 66.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,230 shares of the company’s stock after selling 375,238 shares during the quarter. JPMorgan Chase & Co.’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $18,738,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in Liberty Media Corporation – Liberty Live Series C by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock worth $1,280,000 after purchasing an additional 198 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 52,532 shares of the company’s stock valued at $4,263,000 after purchasing an additional 220 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at $26,000. Kelleher Financial Advisors bought a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter worth $26,000. Finally, Nilsine Partners LLC increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 3.7% in the third quarter. Nilsine Partners LLC now owns 8,185 shares of the company’s stock worth $794,000 after purchasing an additional 290 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction 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 completion of the sale, the insider directly owned 10,587,143 shares of the company’s stock, valued at approximately $886,355,611.96. The trade was a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 330,518 shares of company stock worth $27,386,738.

Liberty Media Corporation – Liberty Live Series C Price Performance

LLYVK stock opened at $94.99 on Thursday. The firm has a 50 day simple moving average of $90.98 and a two-hundred day simple moving average of $88.91. The stock has a market cap of $8.73 billion, a PE ratio of -182.67 and a beta of 1.26. Liberty Media Corporation – Liberty Live Series C has a one year low of $60.55 and a one year high of $102.62.

Analyst Ratings Changes

Several research firms recently issued reports on LLYVK. Zacks Research lowered Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Weiss Ratings restated 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 raised Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a report on Saturday, February 28th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Liberty Media Corporation – Liberty Live Series C

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.