Jane Street Group LLC acquired a new position in shares of Liberty Media Co. (NASDAQ:LSXMA) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 9,500 shares of the technology company’s stock, valued at approximately $377,000.
Other hedge funds have also modified their holdings of the company. Partners Capital Investment Group LLP acquired a new stake in Liberty Media in the 4th quarter valued at $129,000. M&R Capital Management Inc. increased its stake in Liberty Media by 429.8% in the 4th quarter. M&R Capital Management Inc. now owns 5,054 shares of the technology company’s stock valued at $200,000 after buying an additional 4,100 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Liberty Media in the 4th quarter valued at $208,000. Toronto Dominion Bank increased its stake in Liberty Media by 39.7% in the 4th quarter. Toronto Dominion Bank now owns 5,444 shares of the technology company’s stock valued at $216,000 after buying an additional 1,548 shares during the last quarter. Finally, CMT Trading LLC acquired a new stake in Liberty Media in the 4th quarter valued at $217,000. Hedge funds and other institutional investors own 26.48% of the company’s stock.
LSXMA has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Liberty Media from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, February 14th. B. Riley reiterated a “buy” rating and issued a $56.00 price target on shares of Liberty Media in a research note on Friday, January 26th. ValuEngine raised shares of Liberty Media from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Buckingham Research began coverage on shares of Liberty Media in a research report on Friday, January 19th. They issued a “buy” rating and a $54.00 price objective for the company. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $54.20.
Shares of LSXMA opened at $40.63 on Friday. Liberty Media Co. has a one year low of $36.33 and a one year high of $46.43. The stock has a market capitalization of $13,718.28, a PE ratio of 12.27, a PEG ratio of 0.80 and a beta of 1.95.
Liberty Media (NASDAQ:LSXMA) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $1.54. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. sell-side analysts expect that Liberty Media Co. will post 2.1 earnings per share for the current year.
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About Liberty Media
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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