Liberty Live Group CEO Gregory B. Maffei Sells Over $2.5 Million in Stock

Gregory B. Maffei, the CEO of Liberty Live Group (NASDAQ:LLYVA - Get Free Report), has recently sold a total of 35,463 shares of the company's stock on December 16th. The sale was executed at an average price of $71.53 per share, amounting to a significant total value of $2,536,668.39.

After this transaction, Maffei's remaining stake in Liberty Live Group includes 1,240,785 shares of the company, which are now valued at approximately $88,753,351.05. This latest sale reflects a decrease of 2.78% in his overall position within the company. The transaction details were disclosed in a filing with the Securities and Exchange Commission (SEC), which is available publicly.

Market Performance of Liberty Live Group

On Thursday, shares of Liberty Live Group were trading at $66.67, representing a decline of 4.9%. The stock's fifty-day moving average sits at $63.03, while the 200-day moving average is notably lower at $47.46. Over the past twelve months, the company has experienced a low of $32.54 and a high reaching $72.88.

Institutional Ownership and Trading Activity

Several hedge funds have actively adjusted their holdings in Liberty Live Group recently. For instance, Bank of New York Mellon Corp increased its stake by 13.3% in the second quarter, bringing its total to 52,637 shares, now valued at $1,974,000 after acquiring an additional 6,162 shares. Whittier Trust Co. made a substantial increase of 6,756.5% in shares during the same period, acquiring 1,577 shares worth $59,000.

Additionally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings by 21.9%, now owning 12,417 shares valued at $466,000. MUFG Securities EMEA plc also purchased a new position worth about $1,185,000, while the State of New Jersey Common Pension Fund D bought in for approximately $1,909,000.

Overall, institutional investors currently own around 25.07% of Liberty Live Group's stock.

Company Overview

Liberty Live Group operates primarily in the media, communications, and entertainment sectors, focusing on markets in North America and the United Kingdom. The company's headquarters are in Englewood, Colorado.

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The healthcare industry is beginning to see a significant integration of artificial intelligence (AI) technologies. Initial AI models have set the foundation, and advancements are expected to potentially save lives by enhancing various medical tasks.

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