Liberty Media Corporation (LSXMA) Given Consensus Recommendation of “Buy” by Analysts
Liberty Media Corporation (NASDAQ:LSXMA) has received a consensus rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $47.40.
A number of research firms recently weighed in on LSXMA. 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. 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.
In other Liberty Media Corporation news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of Liberty Media Corporation stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $36.52, for a total transaction of $66,685.52. Following the sale, the director now directly owns 823 shares of the company’s stock, valued at $30,055.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 153,000 shares of Liberty Media Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total value of $5,708,430.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,272,487 shares of company stock worth $51,448,394.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its holdings in Liberty Media Corporation by 601.3% during the first quarter. Lazard Asset Management LLC now owns 50,500 shares of the technology company’s stock valued at $1,965,000 after purchasing an additional 43,299 shares in the last quarter. Swiss National Bank boosted its holdings in Liberty Media Corporation by 3.8% during the second quarter. Swiss National Bank now owns 336,252 shares of the technology company’s stock valued at $14,116,000 after purchasing an additional 12,400 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Liberty Media Corporation during the first quarter valued at approximately $10,551,000. Vanguard Group Inc. boosted its holdings in Liberty Media Corporation by 5.3% during the first quarter. Vanguard Group Inc. now owns 8,934,026 shares of the technology company’s stock valued at $347,713,000 after purchasing an additional 448,320 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Liberty Media Corporation by 509.5% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,970 shares of the technology company’s stock valued at $628,000 after purchasing an additional 12,514 shares in the last quarter. 24.67% of the stock is currently owned by institutional investors.
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Shares of Liberty Media Corporation (NASDAQ:LSXMA) traded up 2.57% during mid-day trading on Wednesday, reaching $43.50. The company’s stock had a trading volume of 745,199 shares. Liberty Media Corporation has a 12 month low of $31.83 and a 12 month high of $43.53. The company has a 50 day moving average price of $42.19 and a 200 day moving average price of $42.19. The stock has a market capitalization of $14.62 billion, a P/E ratio of 31.61 and a beta of 2.57.
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).
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