Liberty Media Corporation (NASDAQ:LSXMA) had its target price boosted by Pivotal Research from $54.00 to $58.00 in a research note released on Wednesday morning. The firm currently has a buy rating on the technology company’s stock.
Other analysts also recently issued research reports about the stock. Bank of America Corporation boosted their price objective on shares of Liberty Media Corporation from $46.00 to $54.00 and gave the stock a buy rating in a report on Thursday, October 12th. Citigroup Inc boosted their price objective on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the stock a neutral rating in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Liberty Media Corporation currently has an average rating of Buy and a consensus target price of $49.17.
Liberty Media Corporation (LSXMA) traded up 0.77% on Wednesday, hitting $42.12. 617,021 shares of the company traded hands. The stock has a market cap of $14.15 billion, a PE ratio of 30.61 and a beta of 2.57. Liberty Media Corporation has a 12 month low of $31.83 and a 12 month high of $46.43. The stock’s 50-day moving average is $42.76 and its 200 day moving average is $42.76.
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In other news, Chairman John C. Malone sold 149,204 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $42.27, for a total value of $6,306,853.08. Following the completion of the transaction, the chairman now owns 15,334,360 shares of the company’s stock, valued at $648,183,397.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman John C. Malone sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $43.27, for a total transaction of $778,860.00. Following the completion of the transaction, the chairman now directly owns 15,366,920 shares of the company’s stock, valued at approximately $664,926,628.40. The disclosure for this sale can be found here. Insiders sold 1,170,487 shares of company stock worth $47,776,634 in the last ninety days.
Large investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its position in shares of Liberty Media Corporation by 28.3% in the second quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock valued at $124,000 after buying an additional 650 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Liberty Media Corporation in the first quarter valued at approximately $127,000. US Bancorp DE raised its position in shares of Liberty Media Corporation by 25.5% in the second quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock valued at $149,000 after buying an additional 718 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Liberty Media Corporation in the second quarter valued at approximately $195,000. Finally, United Services Automobile Association acquired a new position in shares of Liberty Media Corporation in the first quarter valued at approximately $204,000. 24.67% of the stock is owned by institutional investors and hedge funds.
Liberty Media Corporation Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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