Liberty Live Group (NASDAQ:LLYVK) Reaches New 52-Week High – Still a Buy?

Liberty Live Group (NASDAQ:LLYVK) hit a new 52-week high during trading on Tuesday . The stock traded as high as $81.40 and last traded at $79.86, with a volume of 1299 shares changing hands. The stock had previously closed at $80.35.

Liberty Live Group Stock Down 1.6 %

The company has a 50 day moving average of $71.73 and a 200 day moving average of $59.48.

Insider Activity at Liberty Live Group

In other Liberty Live Group news, CEO Gregory B. Maffei sold 35,463 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,240,785 shares of the company’s stock, valued at $88,753,351.05. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Liberty Live Group

Large investors have recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Liberty Live Group in the fourth quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Liberty Live Group by 1,000.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 583 shares of the company’s stock valued at $30,000 after acquiring an additional 530 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Liberty Live Group in the fourth quarter valued at approximately $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Liberty Live Group in the fourth quarter valued at approximately $44,000. Finally, Franklin Resources Inc. boosted its position in shares of Liberty Live Group by 900.0% in the third quarter. Franklin Resources Inc. now owns 1,020 shares of the company’s stock valued at $56,000 after acquiring an additional 918 shares during the period. Institutional investors own 60.36% of the company’s stock.

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.