JPMorgan Chase & Co. Has $18.74 Million Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

JPMorgan Chase & Co. lowered its position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 66.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,230 shares of the company’s stock after selling 375,238 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of Liberty Media Corporation – Liberty Live Series C worth $18,738,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 791.0% during the third quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock worth $163,734,000 after purchasing an additional 1,498,972 shares in the last quarter. Norges Bank bought a new position in Liberty Media Corporation – Liberty Live Series C during the second quarter worth about $58,978,000. Bamco Inc. NY grew its stake in Liberty Media Corporation – Liberty Live Series C by 19.2% in the second quarter. Bamco Inc. NY now owns 1,417,398 shares of the company’s stock valued at $115,036,000 after acquiring an additional 228,040 shares during the period. Finepoint Capital LP grew its stake in Liberty Media Corporation – Liberty Live Series C by 24.1% in the second quarter. Finepoint Capital LP now owns 537,051 shares of the company’s stock valued at $43,587,000 after acquiring an additional 104,156 shares during the period. Finally, Hound Partners LLC increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 84.7% in the second quarter. Hound Partners LLC now owns 219,194 shares of the company’s stock worth $17,790,000 after acquiring an additional 100,543 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LLYVK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C presently has an average rating of “Reduce”.

Insider Transactions at Liberty Media Corporation – Liberty Live Series C

In related news, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $83.27, for a total transaction of $5,543,117.36. Following the completion of the transaction, the insider directly owned 10,703,007 shares of the company’s stock, valued at approximately $891,239,392.89. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 497,554 shares of company stock valued at $43,484,018.

Liberty Media Corporation – Liberty Live Series C Trading Up 0.2%

Shares of LLYVK opened at $99.83 on Tuesday. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of -191.98 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 fifty day simple moving average of $86.80 and a 200 day simple moving average of $88.84.

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.