Geode Capital Management LLC lessened its stake in Liberty Media Co. (NASDAQ:LSXMK) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,403,743 shares of the technology company’s stock after selling 23,206 shares during the period. Geode Capital Management LLC owned about 0.63% of Liberty Media worth $55,632,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. bought a new stake in Liberty Media during the 3rd quarter worth approximately $222,000. Prudential Financial Inc. bought a new stake in Liberty Media during the 3rd quarter worth approximately $300,000. New York State Common Retirement Fund increased its holdings in Liberty Media by 1.5% during the 3rd quarter. New York State Common Retirement Fund now owns 395,800 shares of the technology company’s stock worth $16,572,000 after purchasing an additional 6,000 shares in the last quarter. Toronto Dominion Bank increased its holdings in Liberty Media by 243.8% during the 3rd quarter. Toronto Dominion Bank now owns 7,537 shares of the technology company’s stock worth $316,000 after purchasing an additional 5,345 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Liberty Media by 6.0% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 56,322 shares of the technology company’s stock valued at $2,358,000 after acquiring an additional 3,200 shares in the last quarter. 79.84% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on LSXMK. Zacks Investment Research raised Liberty Media from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective for the company in a report on Thursday, January 11th. Morgan Stanley increased their target price on Liberty Media from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Finally, ValuEngine downgraded Liberty Media from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd.
Shares of NASDAQ LSXMK traded down $0.17 during trading hours on Friday, hitting $40.84. The company’s stock had a trading volume of 447,649 shares, compared to its average volume of 677,046. The stock has a market capitalization of $9,170.62, a PE ratio of 12.34, a PEG ratio of 0.80 and a beta of 1.88. Liberty Media Co. has a 12 month low of $36.11 and a 12 month high of $46.24.
Liberty Media (NASDAQ:LSXMK) last issued its quarterly earnings data on Thursday, March 1st. The technology company reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $2.03. The company had revenue of $1.40 billion during the quarter. equities analysts anticipate that Liberty Media Co. will post 2.09 EPS for the current year.
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Liberty Media Company Profile
Liberty Media Corp. engages in the operation and ownership of various media, communications, and entertainment businesses. Its businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group, and the Formula One Group. It provides equipment and technology that deliver location-based services to wireless users.
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