Vanguard Group Inc. Sells 25,684 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

Vanguard Group Inc. lowered its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,658,706 shares of the company’s stock after selling 25,684 shares during the quarter. Vanguard Group Inc. owned about 0.05% of Liberty Media Corporation – Liberty Live Series C worth $451,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Simon Quick Advisors LLC lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 5.3% during the second quarter. Simon Quick Advisors LLC now owns 3,259 shares of the company’s stock valued at $264,000 after buying an additional 165 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock worth $1,280,000 after acquiring an additional 198 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in 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 valued at $4,263,000 after acquiring an additional 220 shares during the last quarter. CWM LLC boosted its stake in Liberty Media Corporation – Liberty Live Series C by 31.4% in the second quarter. CWM LLC now owns 1,085 shares of the company’s stock valued at $88,000 after acquiring an additional 259 shares in the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the third quarter worth $26,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research 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 company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

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

In other news, Director Chase Carey sold 83,536 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 66,568 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $83.27, for a total value of $5,543,117.36. Following the sale, the insider directly owned 10,703,007 shares of the company’s stock, valued at $891,239,392.89. This trade represents a 0.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 497,554 shares of company stock worth $43,484,018.

Liberty Media Corporation – Liberty Live Series C Trading Up 0.0%

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $95.12 on Thursday. The firm’s 50 day simple moving average is $85.93 and its two-hundred day simple moving average is $88.69. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of -24.64 and a beta of 1.40. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $60.55 and a 12-month high of $102.62.

Liberty Media Corporation – Liberty Live Series C 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.