Allspring Global Investments Holdings LLC Has $47.83 Million Holdings in Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• Allspring Global Investments Holdings LLC boosted its stake in Liberty Media — Liberty Live Series C (NASDAQ:LLYVK) by 3.3% in Q4 and now owns 568,328 shares worth about $47.83 million, representing roughly 0.62% of the company.
• Berkshire Hathaway sold 7,685 LLYVK shares on Jan. 16 at an average price of $83.72, and insiders have sold 330,518 shares in the past 90 days totaling about $27.39 million.
• Analyst sentiment is negative, with an average rating of "Sell" after recent downgrades from Weiss Ratings, Wall Street Zen and Zacks (Zacks moved to a "strong sell").

Allspring Global Investments Holdings LLC increased its holdings in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 568,328 shares of the company's stock after acquiring an additional 18,301 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.62% of Liberty Media Corporation - Liberty Live Series C worth $47,830,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Arizona State Retirement System boosted its stake in shares of Liberty Media Corporation - Liberty Live Series C by 1.5% in the third quarter. Arizona State Retirement System now owns 13,198 shares of the company's stock valued at $1,280,000 after buying an additional 198 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Liberty Media Corporation - Liberty Live Series C by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 52,532 shares of the company's stock worth $4,263,000 after acquiring an additional 220 shares during the period. TD Private Client Wealth LLC acquired a new position in Liberty Media Corporation - Liberty Live Series C in the 3rd quarter valued at $26,000. Kelleher Financial Advisors acquired a new position in Liberty Media Corporation - Liberty Live Series C in the 3rd quarter valued at $26,000. Finally, Nilsine Partners LLC lifted its position in shares of Liberty Media Corporation - Liberty Live Series C by 3.7% during the 3rd quarter. Nilsine Partners LLC now owns 8,185 shares of the company's stock valued at $794,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 60.36% of the company's stock.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the company's stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $83.72, for a total transaction of $643,388.20. Following the completion of the transaction, the insider directly owned 10,587,143 shares in the company, valued at $886,355,611.96. This represents a 0.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 330,518 shares of company stock worth $27,386,738.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reissued a "sell (d)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a report on Thursday, January 22nd. Wall Street Zen raised Liberty Media Corporation - Liberty Live Series C to a "sell" rating in a research note on Saturday, February 28th. Finally, Zacks Research cut shares of Liberty Media Corporation - Liberty Live Series C from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".

Liberty Media Corporation - Liberty Live Series C Trading Up 0.8%

Shares of NASDAQ LLYVK opened at $94.84 on Thursday. The company has a market cap of $8.72 billion, a price-to-earnings ratio of -182.38 and a beta of 1.28. Liberty Media Corporation - Liberty Live Series C has a 12 month low of $60.55 and a 12 month high of $102.62. The stock has a 50-day moving average price of $91.86 and a two-hundred day moving average price of $88.60.

About Liberty Media Corporation - Liberty Live Series C

Liberty Media Corporation – Liberty Live Series C NASDAQ: LLYVK is a tracking stock designed to reflect the performance of Liberty Media's investment in Live Nation Entertainment. Established in August 2023, the Liberty Live tracking stock allows investors to gain targeted exposure to the live entertainment sector without direct ownership of Liberty Media's other diversified assets. The Series C shares trade separately, offering a clear view of the value and results generated by Live Nation's global operations.

The underlying asset for the Liberty Live Series C shares is Liberty Media's equity stake in Live Nation, one of the world's leading live entertainment companies.

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