Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Hits New 52-Week High - Time to Buy?

Key Points

• New 52-week high: LLYVA traded as high as $99.82 and last at about $98.10, with a market cap of $9.01 billion and 50/200-day moving averages of $90.58/$86.12.
• Analyst sentiment is negative: Weiss Ratings reaffirmed a "sell (d)" and Zacks downgraded the stock to "strong sell," leaving a MarketBeat consensus rating of "Sell."
• Berkshire Hathaway sold shares: Berkshire sold 7,685 shares in January and insiders have sold 266,192 shares (≈$22.1M) over the last 90 days, while institutional investors own about 25.07% of the stock.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $99.82 and last traded at $98.0980, with a volume of 16195 shares changing hands. The stock had previously closed at $95.43.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed 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 report on Wednesday, March 4th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of "Sell".

Liberty Media Corporation - Liberty Live Series A Price Performance

The company's 50-day moving average price is $90.58 and its 200-day moving average price is $86.12. The company has a market cap of $9.01 billion, a P/E ratio of -188.56 and a beta of 1.25.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the stock in a transaction 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 sale, the insider owned 10,587,143 shares of the company's stock, valued at $886,355,611.96. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 266,192 shares of company stock worth $22,116,469 over the last ninety days. 0.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Media Corporation - Liberty Live Series A

Large investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Liberty Media Corporation - Liberty Live Series A during the fourth quarter worth $29,000. Camelot Portfolios LLC acquired a new position in Liberty Media Corporation - Liberty Live Series A during the fourth quarter worth $42,000. Arax Advisory Partners acquired a new position in Liberty Media Corporation - Liberty Live Series A during the fourth quarter worth $42,000. Federated Hermes Inc. acquired a new position in Liberty Media Corporation - Liberty Live Series A during the third quarter worth $64,000. Finally, Quent Capital LLC acquired a new position in Liberty Media Corporation - Liberty Live Series A during the third quarter worth $80,000. Institutional investors own 25.07% of the company's stock.

Liberty Media Corporation - Liberty Live Series A Company Profile

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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