ING Groep NV Acquires 69,200 Shares of Liberty Media Corporation – Liberty Live Series A $LLYVA

ING Groep NV raised its position in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 140.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,500 shares of the company’s stock after buying an additional 69,200 shares during the period. ING Groep NV owned about 0.13% of Liberty Media Corporation – Liberty Live Series A worth $9,658,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 1.7% during the third quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock valued at $192,361,000 after acquiring an additional 33,550 shares in the last quarter. Bank of America Corp DE increased its position in Liberty Media Corporation – Liberty Live Series A by 21.7% during the 3rd quarter. Bank of America Corp DE now owns 493,211 shares of the company’s stock valued at $46,510,000 after purchasing an additional 87,871 shares during the period. SG Americas Securities LLC purchased a new position in Liberty Media Corporation – Liberty Live Series A during the 4th quarter valued at $35,661,000. Amundi bought a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the 3rd quarter valued at about $33,923,000. Finally, JNE Partners LLP increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 53.3% during the third quarter. JNE Partners LLP now owns 368,121 shares of the company’s stock valued at $34,714,000 after buying an additional 128,000 shares during the period. Hedge funds and other institutional investors own 25.07% of the company’s stock.

Liberty Media Corporation – Liberty Live Series A Price Performance

Shares of LLYVA opened at $90.61 on Monday. The firm has a market cap of $8.34 billion, a P/E ratio of -25.60 and a beta of 0.95. The company has a 50 day simple moving average of $93.77 and a two-hundred day simple moving average of $87.98. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $72.08 and a 1 year high of $99.82.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The firm had revenue of $63.62 million during the quarter, compared to analyst estimates of $70.40 million. On average, sell-side analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post -3.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LLYVA. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Friday, May 29th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Company Profile

Liberty Media Corporation – Liberty Live Group Series A (NASDAQ:LLYVA) is a Class A tracking stock of Liberty Media Corporation that is focused on the company’s live sports and entertainment businesses. Headquartered in Englewood, Colorado, Liberty Media was founded in 1991 as a successor to Tele-Communications, Inc, and has since evolved into a diversified holding company. The Liberty Live Group tracking stock provides investors with direct exposure to a portfolio of live sports franchises and related enterprises within the broader Liberty Media framework.

The primary asset underlying the Liberty Live Group is a 100% ownership interest in the Atlanta Braves, one of Major League Baseball’s premier franchises based at Truist Park in Atlanta, Georgia.