Berkshire Hathaway Inc Sells 59,411 Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Stock

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) major shareholder Berkshire Hathaway Inc sold 59,411 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $83.79, for a total value of $4,978,047.69. Following the completion of the sale, the insider directly owned 10,612,953 shares of the company’s stock, valued at approximately $889,259,331.87. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

• On Friday, January 16th, Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series A stock. The shares were sold at an average price of $83.72, for a total transaction of $643,388.20.
• On Thursday, January 15th, Berkshire Hathaway Inc sold 18,125 shares of Liberty Media Corporation – Liberty Live Series A stock. The shares were sold at an average price of $84.04, for a total transaction of $1,523,225.00.
• On Tuesday, January 13th, Berkshire Hathaway Inc sold 30,643 shares of Liberty Media Corporation – Liberty Live Series A stock. The stock was sold at an average price of $82.78, for a total transaction of $2,536,627.54.
• On Monday, January 12th, Berkshire Hathaway Inc sold 66,568 shares of Liberty Media Corporation – Liberty Live Series A stock. The shares were sold at an average price of $83.27, for a total transaction of $5,543,117.36.
• On Friday, January 9th, Berkshire Hathaway Inc sold 18,689 shares of Liberty Media Corporation – Liberty Live Series A stock. The stock was sold at an average price of $82.40, for a total value of $1,539,973.60.
• On Thursday, January 8th, Berkshire Hathaway Inc sold 65,071 shares of Liberty Media Corporation – Liberty Live Series A stock. The stock was sold at an average price of $82.25, for a total value of $5,352,089.75.
• On Wednesday, January 7th, Berkshire Hathaway Inc sold 44,100 shares of Liberty Media Corporation – Liberty Live Series A stock. The shares were sold at an average price of $81.22, for a total value of $3,581,802.00.
• On Tuesday, January 6th, Berkshire Hathaway Inc sold 20,226 shares of Liberty Media Corporation – Liberty Live Series A stock. The stock was sold at an average price of $83.48, for a total value of $1,688,466.48.

Liberty Media Corporation – Liberty Live Series A Stock Performance

NASDAQ:LLYVA traded up $1.09 during mid-day trading on Tuesday, hitting $91.79. 116,660 shares of the company’s stock traded hands, compared to its average volume of 231,947. The company has a market cap of $8.44 billion, a PE ratio of -23.78 and a beta of 1.37. The firm’s 50 day simple moving average is $82.43 and its 200 day simple moving average is $85.76. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $59.45 and a 1 year high of $99.63.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series A

A number of institutional investors have recently modified their holdings of LLYVA. SG Americas Securities LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth approximately $35,661,000. Amundi acquired a new position in Liberty Media Corporation – Liberty Live Series A in the 3rd quarter valued at $33,923,000. Principal Financial Group Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 933.4% during the 3rd quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock worth $36,257,000 after purchasing an additional 347,275 shares during the period. Virtu Financial LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 133.7% during the third quarter. Virtu Financial LLC now owns 356,459 shares of the company’s stock worth $33,614,000 after purchasing an additional 203,902 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at $13,083,000. Institutional investors and hedge funds own 25.07% of the company’s stock.

Key Liberty Media Corporation – Liberty Live Series A News

Here are the key news stories impacting Liberty Media Corporation – Liberty Live Series A this week:

• Positive Sentiment: No reported short interest — As of Feb. 16 the reported short interest for LLYVA was 0 shares with a days-to-cover of 0.0, which removes short-squeeze dynamics and short-pressure downside from the immediate picture.
• Neutral Sentiment: Berkshire still a large holder — Despite the sales below, Berkshire Hathaway continues to own roughly 10.6 million shares (valued at ~ $880–$910M in filings), keeping it as a material long-term stakeholder in LLYVA.
• Negative Sentiment: Insider sales by Berkshire Hathaway — Between Jan. 6 and Jan. 16 Berkshire disclosed multiple open-market sales totaling approximately 330,518 shares for aggregate proceeds near $27.4M. Each filing shows only a small percentage reduction in its stake (reported per-trade decreases of ~0.07%–0.62%), but the cluster of sales can be read negatively by some investors. SEC Ownership Filings

About Liberty Media Corporation – Liberty Live Series A

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.