Insider Selling: Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Major Shareholder Sells $5,352,089.75 in Stock

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) major shareholder Berkshire Hathaway Inc sold 65,071 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $82.25, for a total value of $5,352,089.75. Following the sale, the insider owned 10,788,264 shares of the company’s stock, valued at approximately $887,334,714. The trade was a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

• On Friday, January 16th, Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $83.72, for a total value of $643,388.20.
• On Thursday, January 15th, Berkshire Hathaway Inc sold 18,125 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $84.04, for a total value of $1,523,225.00.
• On Wednesday, January 14th, Berkshire Hathaway Inc sold 59,411 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $83.79, for a total transaction of $4,978,047.69.
• On Tuesday, January 13th, Berkshire Hathaway Inc sold 30,643 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $82.78, for a total transaction of $2,536,627.54.
• On Monday, January 12th, Berkshire Hathaway Inc sold 66,568 shares of Liberty Media Corporation – Liberty Live Series C stock. The stock was sold at an average price of $83.27, for a total transaction of $5,543,117.36.
• On Friday, January 9th, Berkshire Hathaway Inc sold 18,689 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $82.40, for a total transaction of $1,539,973.60.
• On Wednesday, January 7th, Berkshire Hathaway Inc sold 44,100 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $81.22, for a total transaction of $3,581,802.00.
• On Tuesday, January 6th, Berkshire Hathaway Inc sold 20,226 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $83.48, for a total value of $1,688,466.48.

Liberty Media Corporation – Liberty Live Series C Trading Up 1.8%

Shares of LLYVK stock opened at $96.34 on Friday. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $60.55 and a 12 month high of $102.62. The company has a market capitalization of $8.85 billion, a P/E ratio of -24.96 and a beta of 1.40. The stock has a 50 day moving average of $85.04 and a two-hundred day moving average of $88.38.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Simon Quick Advisors LLC lifted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 5.3% in the 2nd quarter. Simon Quick Advisors LLC now owns 3,259 shares of the company’s stock valued at $264,000 after acquiring an additional 165 shares during the last quarter. HighTower Advisors LLC increased its holdings in Liberty Media Corporation – Liberty Live Series C by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 3,228 shares of the company’s stock worth $268,000 after purchasing an additional 189 shares in the last quarter. Arizona State Retirement System raised its position in Liberty Media Corporation – Liberty Live Series C by 1.5% in the third quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock valued at $1,280,000 after purchasing an additional 198 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 52,532 shares of the company’s stock worth $4,263,000 after purchasing an additional 220 shares during the last quarter. Finally, Ethic Inc. grew its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2.6% during the fourth quarter. Ethic Inc. now owns 9,036 shares of the company’s stock worth $751,000 after purchasing an additional 225 shares during the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

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.