Liberty Media Corporation (NASDAQ:LSXMA) had its price objective lifted by equities research analysts at Citigroup Inc. from $40.00 to $47.00 in a report released on Monday. The brokerage presently has a “neutral” rating on the technology company’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 6.82% from the company’s previous close.

LSXMA has been the topic of several other reports. Zacks Investment Research upgraded shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Deutsche Bank AG cut their price target on shares of Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, May 12th. FBR & Co reiterated a “buy” rating and set a $53.00 price target on shares of Liberty Media Corporation in a research note on Tuesday, May 30th. Finally, Pivotal Research reiterated a “buy” rating and set a $51.00 price target on shares of Liberty Media Corporation in a research note on Wednesday, May 24th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Liberty Media Corporation currently has a consensus rating of “Buy” and a consensus price target of $45.17.

Liberty Media Corporation (NASDAQ LSXMA) traded down 0.30% during trading on Monday, reaching $43.87. 173,324 shares of the company’s stock traded hands. The company has a market cap of $14.73 billion, a PE ratio of 33.54 and a beta of 2.69. Liberty Media Corporation has a 12-month low of $31.65 and a 12-month high of $46.43. The company has a 50 day moving average price of $41.76 and a 200-day moving average price of $39.31.

Liberty Media Corporation (NASDAQ:LSXMA) last announced its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, equities research analysts forecast that Liberty Media Corporation will post $1.85 EPS for the current fiscal year.

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In other Liberty Media Corporation news, Chairman John C. Malone sold 102,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $36.22, for a total transaction of $3,694,440.00. Following the transaction, the chairman now directly owns 2,866,127 shares of the company’s stock, valued at approximately $103,811,119.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John C. Malone sold 64,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,099,200.00. Following the transaction, the chairman now directly owns 2,896,672 shares in the company, valued at $95,010,841.60. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,706,443 shares of company stock worth $66,290,479 and have sold 422,003 shares worth $16,009,101.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Liberty Media Corporation by 69.4% in the first quarter. Canada Pension Plan Investment Board now owns 56,372 shares of the technology company’s stock valued at $2,194,000 after buying an additional 23,100 shares during the last quarter. OTA Financial Group L.P. increased its position in shares of Liberty Media Corporation by 12.8% in the first quarter. OTA Financial Group L.P. now owns 89,923 shares of the technology company’s stock valued at $3,499,000 after buying an additional 10,225 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Liberty Media Corporation by 2.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,049 shares of the technology company’s stock valued at $235,000 after buying an additional 135 shares during the last quarter. Pecaut & CO. increased its position in shares of Liberty Media Corporation by 5.7% in the first quarter. Pecaut & CO. now owns 135,900 shares of the technology company’s stock valued at $5,289,000 after buying an additional 7,350 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Liberty Media Corporation by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,546 shares of the technology company’s stock valued at $527,000 after buying an additional 171 shares during the last quarter. 24.34% of the stock is currently owned by institutional investors.

Liberty Media Corporation Company Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

Analyst Recommendations for Liberty Media Corporation (NASDAQ:LSXMA)

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