Liberty Live Group (NASDAQ:LLYVK) Sees Strong Trading Volume – Should You Buy?

Liberty Live Group (NASDAQ:LLYVK) shares saw unusually-strong trading volume on Thursday . Approximately 353,926 shares traded hands during trading, an increase of 10% from the previous session’s volume of 320,375 shares.The stock last traded at $62.50 and had previously closed at $66.82.

Liberty Live Group Stock Performance

The firm has a fifty day moving average price of $72.40 and a 200 day moving average price of $63.16. The company has a market cap of $5.97 billion, a price-to-earnings ratio of -191.06 and a beta of 1.55.

Insider Transactions at Liberty Live Group

In other news, CEO Gregory B. Maffei sold 35,463 shares of Liberty Live Group stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $71.53, for a total value of $2,536,668.39. Following the completion of the transaction, the chief executive officer now directly owns 1,240,785 shares of the company’s stock, valued at approximately $88,753,351.05. This trade represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Trading of Liberty Live Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LLYVK. Victory Capital Management Inc. raised its holdings in Liberty Live Group by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 12,257 shares of the company’s stock valued at $629,000 after acquiring an additional 199 shares during the period. KBC Group NV boosted its stake in Liberty Live Group by 26.8% in the third quarter. KBC Group NV now owns 2,170 shares of the company’s stock worth $111,000 after buying an additional 458 shares in the last quarter. Commerce Bank raised its position in Liberty Live Group by 79.9% in the 3rd quarter. Commerce Bank now owns 16,684 shares of the company’s stock worth $856,000 after purchasing an additional 7,408 shares during the period. Makena Capital Management LLC purchased a new position in Liberty Live Group in the 3rd quarter worth approximately $10,222,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Liberty Live Group by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 395,077 shares of the company’s stock valued at $20,279,000 after acquiring an additional 5,110 shares during the period. 60.36% of the stock is owned by institutional investors.

About Liberty Live Group

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.