Liberty Live Group (NASDAQ:LLYVA) Sees Large Volume Increase – Still a Buy?

Liberty Live Group (NASDAQ:LLYVA) shares saw strong trading volume on Friday . 130,791 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 89,408 shares.The stock last traded at $64.49 and had previously closed at $64.98.

Liberty Live Group Price Performance

The company’s 50 day moving average is $66.92 and its 200 day moving average is $50.86.

Insider Buying and Selling

In other news, CAO Brian J. Wendling sold 1,094 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $69.57, for a total value of $76,109.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory B. Maffei sold 35,463 shares of Liberty Live Group stock in a transaction on Monday, December 16th. The stock was sold at an average price of $71.53, for a total transaction of $2,536,668.39. Following the transaction, the chief executive officer now directly owns 1,240,785 shares of the company’s stock, valued at $88,753,351.05. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here.

Institutional Trading of Liberty Live Group

Several hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new position in shares of Liberty Live Group during the second quarter worth approximately $2,484,000. Orion Portfolio Solutions LLC bought a new stake in Liberty Live Group during the 3rd quarter valued at $795,000. Susquehanna International Group LLP raised its holdings in Liberty Live Group by 22.2% during the second quarter. Susquehanna International Group LLP now owns 169,186 shares of the company’s stock worth $6,346,000 after buying an additional 30,775 shares during the last quarter. Barclays PLC lifted its stake in shares of Liberty Live Group by 21.5% in the third quarter. Barclays PLC now owns 24,532 shares of the company’s stock valued at $1,214,000 after buying an additional 4,335 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Liberty Live Group during the second quarter worth about $560,000. Institutional investors own 25.07% of the company’s stock.

Liberty Live Group Company Profile

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.