TD Asset Management Inc Purchases 52,600 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

TD Asset Management Inc raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 12.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 476,692 shares of the company’s stock after acquiring an additional 52,600 shares during the period. TD Asset Management Inc’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $46,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. TD Private Client Wealth LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter worth approximately $26,000. Mather Group LLC. bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth $43,000. CWM LLC grew its position 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 worth $88,000 after acquiring an additional 259 shares in the last quarter. Quent Capital LLC bought a new position in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at $104,000. Finally, Bessemer Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series C by 579.3% during the third quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock valued at $118,000 after purchasing an additional 1,037 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Insiders Place Their Bets

In other news, Director Chase Carey sold 83,536 shares of the 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 completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $83.72, for a total value of $643,388.20. Following the sale, the insider owned 10,587,143 shares in the company, valued at $886,355,611.96. This represents a 0.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 497,554 shares of company stock valued at $43,484,018 in the last ninety days.

Analysts Set New Price Targets

A number of research firms recently weighed in on LLYVK. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research 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 investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Liberty Media Corporation – Liberty Live Series C presently has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Up 2.4%

NASDAQ:LLYVK opened at $99.65 on Friday. The firm has a market capitalization of $9.16 billion, a P/E ratio of -191.63 and a beta of 1.40. The company has a fifty day moving average of $86.50 and a 200 day moving average of $88.83. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $60.55 and a 52 week high of $102.62.

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.