Shares of Liberty Media Corporation (NASDAQ:LSXMA) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $47.40.

A number of analysts have recently issued reports on LSXMA shares. Citigroup Inc. lifted their target price on Liberty Media Corporation from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Deutsche Bank AG dropped their target price on Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, May 12th. Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. FBR & Co reaffirmed a “buy” rating and set a $53.00 target price on shares of Liberty Media Corporation in a research report on Tuesday, May 30th. Finally, Pivotal Research lifted their target price on Liberty Media Corporation from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th.

In related news, Chairman John C. Malone sold 18,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $42.02, for a total value of $756,360.00. Following the completion of the sale, the chairman now directly owns 15,477,920 shares of the company’s stock, valued at $650,382,198.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark D. Carleton sold 30,816 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $40.16, for a total value of $1,237,570.56. Following the completion of the sale, the chief financial officer now directly owns 127,446 shares of the company’s stock, valued at $5,118,231.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,228,821 shares of company stock valued at $49,615,893.

Institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its holdings in 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. Lazard Asset Management LLC increased its holdings in Liberty Media Corporation by 601.3% in the first quarter. Lazard Asset Management LLC now owns 50,500 shares of the technology company’s stock valued at $1,965,000 after buying an additional 43,299 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Liberty Media Corporation by 22.6% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 147,344 shares of the technology company’s stock valued at $5,733,000 after buying an additional 27,157 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Liberty Media Corporation in the first quarter valued at about $10,551,000. Finally, Vanguard Group Inc. increased its holdings in Liberty Media Corporation by 5.3% in the first quarter. Vanguard Group Inc. now owns 8,934,026 shares of the technology company’s stock valued at $347,713,000 after buying an additional 448,320 shares during the last quarter. 24.68% of the stock is owned by hedge funds and other institutional investors.

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Liberty Media Corporation (NASDAQ LSXMA) traded down 1.07% during mid-day trading on Friday, reaching $42.56. The company had a trading volume of 483,537 shares. The stock has a 50 day moving average of $43.60 and a 200 day moving average of $40.63. Liberty Media Corporation has a 52 week low of $31.83 and a 52 week high of $46.43. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 30.93 and a beta of 2.77.

About Liberty Media Corporation

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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