Liberty Media Corporation – Liberty Live Series A $LLYVA Shares Sold by Berkshire Hathaway Inc

Berkshire Hathaway Inc lowered its stake in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 37.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,986,588 shares of the company’s stock after selling 3,018,555 shares during the quarter. Liberty Media Corporation – Liberty Live Series A makes up about 0.1% of Berkshire Hathaway Inc’s holdings, making the stock its 29th biggest position. Berkshire Hathaway Inc owned 0.05% of Liberty Media Corporation – Liberty Live Series A worth $406,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LLYVA. Quarry LP acquired a new stake in Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth approximately $29,000. Camelot Portfolios LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth approximately $42,000. Arax Advisory Partners acquired a new stake in Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth approximately $42,000. Tower Research Capital LLC TRC raised its holdings in 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 worth $116,000 after purchasing an additional 1,214 shares in the last quarter. Finally, US Bancorp DE raised its holdings in 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 worth $139,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 25.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Liberty Media Corporation – Liberty Live Series A presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Price Performance

Shares of Liberty Media Corporation – Liberty Live Series A stock opened at $95.57 on Thursday. The firm’s fifty day simple moving average is $94.37 and its 200-day simple moving average is $89.07. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of -27.00 and a beta of 0.95. Liberty Media Corporation – Liberty Live Series A has a 12 month low of $74.38 and a 12 month high of $99.82.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced its earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. Analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post -3.3 earnings per share for the current year.

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.