Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Major Shareholder Sells $2,536,627.54 in Stock

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) major shareholder Berkshire Hathaway Inc sold 30,643 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $82.78, for a total value of $2,536,627.54. Following the completion of the sale, the insider directly owned 10,672,364 shares in the company, valued at approximately $883,458,291.92. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 A stock. The shares were 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 A stock. The stock was sold at an average price of $84.04, for a total transaction of $1,523,225.00.
• On Wednesday, January 14th, Berkshire Hathaway Inc sold 59,411 shares of Liberty Media Corporation – Liberty Live Series A stock. The shares were sold at an average price of $83.79, for a total transaction of $4,978,047.69.
• On Monday, January 12th, Berkshire Hathaway Inc sold 66,568 shares of Liberty Media Corporation – Liberty Live Series A 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 A stock. The shares were sold at an average price of $82.40, for a total value of $1,539,973.60.
• On Thursday, January 8th, Berkshire Hathaway Inc sold 65,071 shares of Liberty Media Corporation – Liberty Live Series A stock. The stock was sold at an average price of $82.25, for a total value of $5,352,089.75.
• On Wednesday, January 7th, Berkshire Hathaway Inc sold 44,100 shares of Liberty Media Corporation – Liberty Live Series A stock. The stock was sold at an average price of $81.22, for a total value of $3,581,802.00.
• On Tuesday, January 6th, Berkshire Hathaway Inc sold 20,226 shares of Liberty Media Corporation – Liberty Live Series A stock. The shares were sold at an average price of $83.48, for a total transaction of $1,688,466.48.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of LLYVA stock traded up $1.09 during trading hours on Tuesday, reaching $91.79. The company had a trading volume of 116,660 shares, compared to its average volume of 231,947. The business has a fifty day moving average price of $82.43 and a 200-day moving average price of $85.76. Liberty Media Corporation – Liberty Live Series A has a one year low of $59.45 and a one year high of $99.63. The firm has a market cap of $8.44 billion, a PE ratio of -23.78 and a beta of 1.37.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series A

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Liberty Media Corporation – Liberty Live Series A by 933.4% in the 3rd quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock worth $36,257,000 after purchasing an additional 347,275 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Liberty Media Corporation – Liberty Live Series A by 56.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 386,705 shares of the company’s stock valued at $30,735,000 after buying an additional 139,055 shares in the last quarter. Highbridge Capital Management LLC raised its position in shares of Liberty Media Corporation – Liberty Live Series A by 13.4% during the second quarter. Highbridge Capital Management LLC now owns 179,577 shares of the company’s stock valued at $14,273,000 after buying an additional 21,220 shares during the last quarter. Greenland Capital Management LP lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 6.0% in the second quarter. Greenland Capital Management LP now owns 30,876 shares of the company’s stock worth $2,454,000 after buying an additional 1,748 shares in the last quarter. Finally, Ethic Inc. bought a new position in shares of Liberty Media Corporation – Liberty Live Series A during the second quarter worth $333,000. 25.07% of the stock is owned by institutional investors.

Key Stories Impacting Liberty Media Corporation – Liberty Live Series A

Here are the key news stories impacting Liberty Media Corporation – Liberty Live Series A this week:

• Positive Sentiment: No reported short interest — As of Feb. 16 the reported short interest for LLYVA was 0 shares with a days-to-cover of 0.0, which removes short-squeeze dynamics and short-pressure downside from the immediate picture.
• Neutral Sentiment: Berkshire still a large holder — Despite the sales below, Berkshire Hathaway continues to own roughly 10.6 million shares (valued at ~ $880–$910M in filings), keeping it as a material long-term stakeholder in LLYVA.
• Negative Sentiment: Insider sales by Berkshire Hathaway — Between Jan. 6 and Jan. 16 Berkshire disclosed multiple open-market sales totaling approximately 330,518 shares for aggregate proceeds near $27.4M. Each filing shows only a small percentage reduction in its stake (reported per-trade decreases of ~0.07%–0.62%), but the cluster of sales can be read negatively by some investors. SEC Ownership Filings

About Liberty Media Corporation – Liberty Live Series A

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.