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

Key Points

• JPMorgan Chase & Co. trimmed its stake in Liberty Media - Liberty Live Series A by 9.1% in Q3, selling 35,285 shares and leaving it with 351,420 shares (about 0.38%) valued at roughly $33,139,000.
• Major shareholder Berkshire Hathaway sold 66,568 shares on Jan. 12 for about $5.54 million and still holds 10,703,007 shares; insiders have sold 330,518 shares totaling $27.39 million over the past 90 days.
• Analyst sentiment is negative with a consensus Sell rating (recent downgrades from Weiss and Zacks), and LLYVA trades with a market cap of ~$8.05 billion and a negative PE of -168.42.

JPMorgan Chase & Co. reduced its stake in shares of Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Free Report) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 351,420 shares of the company's stock after selling 35,285 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of Liberty Media Corporation - Liberty Live Series A worth $33,139,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in shares of Liberty Media Corporation - Liberty Live Series A during the 3rd quarter worth approximately $64,000. Quent Capital LLC bought a new position in Liberty Media Corporation - Liberty Live Series A in the third quarter valued at about $80,000. Tower Research Capital LLC TRC boosted its stake in shares of Liberty Media Corporation - Liberty Live Series A by 495.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company's stock valued at $116,000 after purchasing an additional 1,214 shares in the last quarter. US Bancorp DE boosted its stake in shares of 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 purchasing an additional 501 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Liberty Media Corporation - Liberty Live Series A by 23.3% during the 3rd quarter. Bessemer Group Inc. now owns 1,586 shares of the company's stock worth $149,000 after buying an additional 300 shares during the period. Institutional investors own 25.07% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the business's stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $83.27, for a total transaction of $5,543,117.36. Following the completion of the sale, the insider directly owned 10,703,007 shares of the company's stock, valued at $891,239,392.89. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 330,518 shares of company stock worth $27,386,738 in the last 90 days.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a research note 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 stock presently has a consensus rating of "Sell".

Liberty Media Corporation - Liberty Live Series A Price Performance

LLYVA stock opened at $87.58 on Monday. The company's 50-day moving average is $88.26 and its 200-day moving average is $86.50. The stock has a market capitalization of $8.05 billion, a PE ratio of -168.42 and a beta of 1.22. Liberty Media Corporation - Liberty Live Series A has a 1 year low of $59.70 and a 1 year high of $99.63.

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.

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