Liberty Media Corporation – Liberty Live Series A $LLYVA Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 351,420 shares of the company’s stock after selling 35,285 shares during the quarter. JPMorgan Chase & Co.’s holdings in Liberty Media Corporation – Liberty Live Series A were worth $33,139,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LLYVA. Principal Financial Group Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 933.4% in the third quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock worth $36,257,000 after buying an additional 347,275 shares in the last quarter. Norges Bank acquired a new stake in Liberty Media Corporation – Liberty Live Series A in the 2nd quarter valued at about $9,767,000. Bank of Nova Scotia purchased a new position in Liberty Media Corporation – Liberty Live Series A in the 2nd quarter worth approximately $3,441,000. Highbridge Capital Management LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 13.4% during the 2nd quarter. Highbridge Capital Management LLC now owns 179,577 shares of the company’s stock worth $14,273,000 after purchasing an additional 21,220 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 73.4% during the 2nd quarter. Quantinno Capital Management LP now owns 38,270 shares of the company’s stock worth $3,042,000 after purchasing an additional 16,199 shares during the last quarter. Hedge funds and other institutional investors own 25.07% of the company’s stock.

Liberty Media Corporation – Liberty Live Series A Price Performance

NASDAQ:LLYVA opened at $97.04 on Friday. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of -186.62 and a beta of 1.37. The company’s 50-day moving average is $84.52 and its two-hundred day moving average is $86.38. 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 reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series A currently has a consensus rating of “Reduce”.

Insider Activity at Liberty Media Corporation – Liberty Live Series A

In related news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the firm’s stock in a transaction 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 approximately $886,355,611.96. This trade represents a 0.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 497,554 shares of company stock worth $43,484,018.

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.