Principal Financial Group Inc. Purchases 124,223 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

Principal Financial Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 7.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,812,689 shares of the company’s stock after purchasing an additional 124,223 shares during the period. Principal Financial Group Inc. owned about 1.97% of Liberty Media Corporation – Liberty Live Series C worth $150,744,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after purchasing an additional 63,117 shares during the last quarter. Bamco Inc. NY increased its position in Liberty Media Corporation – Liberty Live Series C by 2.9% in the 3rd quarter. Bamco Inc. NY now owns 1,458,910 shares of the company’s stock valued at $141,471,000 after acquiring an additional 41,512 shares in the last quarter. State Street Corp increased its position in Liberty Media Corporation – Liberty Live Series C by 2.2% in the 2nd quarter. State Street Corp now owns 825,898 shares of the company’s stock valued at $67,030,000 after acquiring an additional 17,989 shares in the last quarter. SG Americas Securities LLC increased its position in Liberty Media Corporation – Liberty Live Series C by 1,012.6% in the 4th quarter. SG Americas Securities LLC now owns 609,399 shares of the company’s stock valued at $50,678,000 after acquiring an additional 554,625 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Liberty Media Corporation – Liberty Live Series C by 3.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 568,328 shares of the company’s stock valued at $47,830,000 after acquiring an additional 18,301 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of NASDAQ LLYVK opened at $93.34 on Wednesday. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $71.48 and a 52-week high of $102.62. The stock has a market cap of $8.58 billion, a P/E ratio of -179.50 and a beta of 0.98. The firm has a 50 day moving average price of $95.69 and a 200 day moving average price of $88.91.

Analysts Set New Price Targets

Several research firms have weighed in on LLYVK. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About Liberty Media Corporation – Liberty Live Series C

Liberty Media Corporation – Liberty Live Series C (NASDAQ: LLYVK) is a tracking stock designed to reflect the performance of Liberty Media’s investment in Live Nation Entertainment. Established in August 2023, the Liberty Live tracking stock allows investors to gain targeted exposure to the live entertainment sector without direct ownership of Liberty Media’s other diversified assets. The Series C shares trade separately, offering a clear view of the value and results generated by Live Nation’s global operations.

The underlying asset for the Liberty Live Series C shares is Liberty Media’s equity stake in Live Nation, one of the world’s leading live entertainment companies.