TD Asset Management Inc Purchases 52,600 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

TD Asset Management Inc lifted its position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 12.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,692 shares of the company’s stock after buying an additional 52,600 shares during the quarter. TD Asset Management Inc owned about 0.52% of Liberty Media Corporation – Liberty Live Series C worth $46,225,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LLYVK. Principal Financial Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 791.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock valued at $163,734,000 after purchasing an additional 1,498,972 shares in the last quarter. Norges Bank bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 2nd quarter worth approximately $58,978,000. JPMorgan Chase & Co. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 118.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 568,468 shares of the company’s stock worth $46,137,000 after buying an additional 307,902 shares during the period. Bamco Inc. NY increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 19.2% in the 2nd quarter. Bamco Inc. NY now owns 1,417,398 shares of the company’s stock valued at $115,036,000 after acquiring an additional 228,040 shares in the last quarter. Finally, Finepoint Capital LP increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 24.1% in the 2nd quarter. Finepoint Capital LP now owns 537,051 shares of the company’s stock valued at $43,587,000 after acquiring an additional 104,156 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LLYVK shares. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Insider Transactions at Liberty Media Corporation – Liberty Live Series C

In other news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the firm’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 transaction, the insider directly owned 10,703,007 shares in the company, valued at approximately $891,239,392.89. The trade was a 0.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 497,554 shares of company stock valued at $43,484,018 over the last quarter.

Liberty Media Corporation – Liberty Live Series C Trading Up 2.4%

NASDAQ LLYVK opened at $99.65 on Friday. The company has a fifty day simple moving average of $86.50 and a 200 day simple moving average of $88.83. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $60.55 and a 12-month high of $102.62. The company has a market cap of $9.16 billion, a P/E ratio of -191.63 and a beta of 1.40.

Liberty Media Corporation – Liberty Live Series C Profile

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.