Liberty Media Corporation (NASDAQ:LSXMA) Chairman John C. Malone sold 128,772 shares of Liberty Media Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $43.23, for a total transaction of $5,566,813.56. Following the completion of the sale, the chairman now owns 14,782,102 shares of the company’s stock, valued at $639,030,269.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Liberty Media Corporation (LSXMA) opened at 43.39 on Monday. The stock has a 50 day moving average of $43.10 and a 200-day moving average of $40.19. Liberty Media Corporation has a 52 week low of $31.83 and a 52 week high of $46.43. The firm has a market capitalization of $14.58 billion, a PE ratio of 31.53 and a beta of 2.69.

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A number of analysts have issued reports on the stock. Citigroup Inc. lifted their target price on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Pivotal Research lifted their target price on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. Deutsche Bank AG reduced their target price on shares of Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, May 12th. FBR & Co reiterated a “buy” rating and issued a $53.00 target price on shares of Liberty Media Corporation in a research note on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $45.67.

A number of large investors have recently made changes to their positions in the company. Gateway Investment Advisers LLC acquired a new position in shares of Liberty Media Corporation during the first quarter worth about $214,000. Canada Pension Plan Investment Board increased its position in shares of Liberty Media Corporation by 69.4% in the first quarter. Canada Pension Plan Investment Board now owns 56,372 shares of the technology company’s stock worth $2,194,000 after buying an additional 23,100 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of Liberty Media Corporation by 22.6% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 147,344 shares of the technology company’s stock worth $5,733,000 after buying an additional 27,157 shares during the period. Lazard Asset Management LLC increased its position in shares of Liberty Media Corporation by 601.3% in the first quarter. Lazard Asset Management LLC now owns 50,500 shares of the technology company’s stock worth $1,965,000 after buying an additional 43,299 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Liberty Media Corporation during the first quarter worth about $10,551,000. Institutional investors and hedge funds own 24.68% of the company’s stock.

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).

Insider Buying and Selling by Quarter for Liberty Media Corporation (NASDAQ:LSXMA)

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