Liberty Media Corporation (LSXMA) Chairman Sells $6048090.00 in Stock

Liberty Media Corporation posted sales of $1.24 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. Zacks Investment Research upgraded shares of Liberty Media Corporation from a "strong sell" rating to a "hold" rating in a report on Wednesday.

Several analysts recently commented on LSXMK shares. Zacks' sales averages are an average based on a survey of research analysts that follow Liberty Interactive Corporation.

Liberty Media Corporation (NASDAQ:LSXMA) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.32 billion.

LSXMA has been the subject of a number of research analyst reports. ValuEngine lowered Liberty Interactive Corporation from a "buy" rating to a "hold" rating in a report on Tuesday. FBR & Co restated a "buy" rating and issued a $53.00 price objective on shares of Liberty Media Corporation in a report on Tuesday, May 30th. Pivotal Research reaffirmed a "buy" rating and issued a $51.00 target price on shares of Liberty Media Corporation in a report on Sunday, April 9th. Citigroup Inc. restated a "neutral" rating and issued a $40.00 price objective (down previously from $43.00) on shares of Liberty Media Corporation in a report on Monday, May 15th. The stock now has a consensus rating of "Buy" and a consensus price target of $44.00.

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(NASDAQ:FWONK) shares saw heavy trading volume with 693K shares changing hands in the last trading session. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 34.06 and a beta of 2.68. Liberty Media Corporation has a one year low of $31.34 and a one year high of $45.90. The company's 50-day moving average is $41.57 and its 200-day moving average is $39.08. The shares were acquired at an average cost of $38.08 per share, with a total value of $25,891,734.40. Following the completion of the transaction, the insider now owns 271,034 shares in the company, valued at approximately $9,938,816.78.

Janus Capital Management LLC boosted its stake in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 62.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The shares were bought at an average price of $36.67 per share, for a total transaction of $18,618,899.14. The disclosure for this sale can be found here. The institutional investor purchased 3,301 shares of the technology company's stock, valued at approximately $127,000. Finally, Cohen Klingenstein LLC acquired a new stake in Liberty Media Corporation during the first quarter valued at $200,000. Daiwa Securities Group Inc. boosted its position in Liberty Media Corporation by 28.3% in the second quarter. Laurion Capital Management LP purchased a new position in shares of Liberty Media Corporation during the first quarter valued at $202,000. Macquarie Group Ltd. now owns 4,600 shares of the technology company's stock valued at $159,000 after buying an additional 3,285 shares during the last quarter. Comerica Bank purchased a new position in Liberty Interactive Corporation during the fourth quarter valued at about $430,000. Over the last three months, insiders have purchased 3,858,865 shares of company stock valued at $147,199,486. Also, CFO Mark D. Carleton sold 30,816 shares of the company's stock in a transaction dated Monday, June 19th.

Liberty Interactive Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the video and online commerce 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).

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