JPMorgan Chase & Co. Sells 35,285 Shares of Liberty Media Corporation – Liberty Live Series A $LLYVA

JPMorgan Chase & Co. cut its holdings in Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 9.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 351,420 shares of the company’s stock after selling 35,285 shares during the period. JPMorgan Chase & Co.’s holdings in Liberty Media Corporation – Liberty Live Series A were worth $33,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HB Wealth Management LLC grew its stake in Liberty Media Corporation – Liberty Live Series A by 4.5% during the third quarter. HB Wealth Management LLC now owns 3,823 shares of the company’s stock valued at $361,000 after acquiring an additional 166 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Liberty Media Corporation – Liberty Live Series A by 1.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,500 shares of the company’s stock worth $1,273,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 14.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company’s stock valued at $134,000 after purchasing an additional 218 shares during the period. Bessemer Group Inc. raised its position in shares of Liberty Media Corporation – Liberty Live Series A by 23.3% in the third quarter. Bessemer Group Inc. now owns 1,586 shares of the company’s stock worth $149,000 after buying an additional 300 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Liberty Media Corporation – Liberty Live Series A by 51.8% during the third quarter. US Bancorp DE now owns 1,469 shares of the company’s stock valued at $139,000 after buying an additional 501 shares during the period. Institutional investors own 25.07% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $83.72, for a total value of $643,388.20. Following the sale, the insider directly owned 10,587,143 shares of the company’s stock, valued at $886,355,611.96. The trade was a 0.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 330,518 shares of company stock worth $27,386,738 over the last 90 days.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of LLYVA stock opened at $87.58 on Monday. The company has a market capitalization of $8.05 billion, a P/E ratio of -168.42 and a beta of 1.22. Liberty Media Corporation – Liberty Live Series A has a fifty-two week low of $59.70 and a fifty-two week high of $99.63. The stock has a 50 day moving average price of $88.26 and a two-hundred day moving average price of $86.50.

Analysts Set New Price Targets

LLYVA has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Profile

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.