DAVENPORT & Co LLC Raises Stake in Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• DAVENPORT & Co LLC increased its stake in Liberty Media – Liberty Live Series C by 81.7% in Q4 to 166,490 shares, worth about $13.87 million (≈0.18% ownership).
• The stock carries a consensus “Sell” rating, with recent negative notes from Weiss Ratings, Wall Street Zen and a Zacks downgrade to “strong sell.”
• Insiders have been net sellers: Berkshire Hathaway sold 66,568 shares on Jan 12 for about $5.54 million, and insiders disposed of 330,518 shares (≈$27.39 million) in the last 90 days.

DAVENPORT & Co LLC boosted its holdings in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 81.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 166,490 shares of the company's stock after purchasing an additional 74,883 shares during the period. DAVENPORT & Co LLC owned approximately 0.18% of Liberty Media Corporation - Liberty Live Series C worth $13,874,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently 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% during the third quarter. Arizona State Retirement System now owns 13,198 shares of the company's stock worth $1,280,000 after buying an additional 198 shares during the period. State Board of Administration of Florida Retirement System increased its position in Liberty Media Corporation - Liberty Live Series C by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 52,532 shares of the company's stock valued at $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 about $26,000. Kelleher Financial Advisors purchased a new stake in Liberty Media Corporation - Liberty Live Series C during the 3rd quarter valued at approximately $26,000. Finally, Nilsine Partners LLC lifted its position in 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 worth $794,000 after acquiring an additional 290 shares during the period. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LLYVK has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research note on Thursday, January 22nd. Wall Street Zen raised Liberty Media Corporation - Liberty Live Series C to a "sell" rating in a report on Saturday, February 28th. Finally, Zacks Research lowered 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 equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

Liberty Media Corporation - Liberty Live Series C Stock Up 1.5%

NASDAQ LLYVK opened at $94.99 on Thursday. The stock has a market capitalization of $8.73 billion, a P/E ratio of -182.67 and a beta of 1.26. Liberty Media Corporation - Liberty Live Series C has a 52-week low of $60.55 and a 52-week high of $102.62. The firm has a 50-day moving average price of $90.98 and a 200 day moving average price of $88.91.

Insider Transactions at Liberty Media Corporation - Liberty Live Series C

In other news, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $83.27, for a total transaction of $5,543,117.36. Following the completion of the transaction, the insider directly owned 10,703,007 shares of the company's stock, valued at approximately $891,239,392.89. This represents a 0.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 330,518 shares of company stock worth $27,386,738.

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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