FMR LLC & Abigail Johnson Trim LiveOne Stake to 7.723%
Ticker: LVO · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1491419
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC and Abigail Johnson now own 7.723% of LiveOne, Inc., signaling a minor portfolio adjustment.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have filed an amended Schedule 13G/A on February 9, 2024, disclosing their beneficial ownership of 7,042,283 shares of LiveOne, Inc. common stock, representing 7.723% of the company. This filing indicates a slight decrease in their reported stake compared to previous filings, signaling a potential shift in their investment strategy or a rebalancing of their portfolio. For investors, this matters because large institutional holdings can influence stock stability and liquidity, and changes in these holdings can be interpreted as a vote of confidence or concern by major players.
Why It Matters
This filing shows a significant institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have adjusted their stake in LiveOne, Inc., which can impact investor sentiment and the stock's perceived value.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive investment filing, indicating a minor change in ownership percentage by a large institutional investor, which typically carries low immediate risk.
Analyst Insight
An investor should note that a major institutional holder has slightly adjusted their position, but this is likely a routine portfolio rebalancing rather than a strong bullish or bearish signal. Monitor future 13G/A filings for more substantial changes in ownership percentage.
Key Numbers
- 7,042,283 — Shares Beneficially Owned (This is the total number of LiveOne, Inc. common shares FMR LLC and Abigail P. Johnson collectively own as of the filing date.)
- 7.723% — Percent of Class (This represents the proportion of LiveOne, Inc.'s total common stock outstanding that FMR LLC and Abigail P. Johnson beneficially own.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- LiveOne, Inc. (company) — issuer of the common stock
- 7,042,283 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.723% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant, but passive, stake in LiveOne, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- LiveOne, Inc.'s stock price will not experience significant volatility directly due to this specific filing. (LiveOne, Inc.) — medium confidence, target: 2024-03-09
FAQ
What is the primary purpose of this SC 13G/A filing by FMR LLC?
The primary purpose of this SC 13G/A filing is for FMR LLC, as a parent holding company, to amend its previous Schedule 13G filing, disclosing its updated beneficial ownership of LiveOne, Inc. common stock, which is 7,042,283 shares or 7.723% of the class, as per Rule 13d-1(b).
Who are the reporting persons identified in this filing?
The reporting persons identified in this filing are FMR LLC and Abigail P. Johnson. FMR LLC is listed as a parent holding company, and Abigail P. Johnson is also listed as a reporting person with beneficial ownership of the same 7,042,283 shares.
What is the total number of LiveOne, Inc. common shares beneficially owned by FMR LLC and Abigail P. Johnson as reported in this filing?
As reported in Item 4(a) and Item 7 for both FMR LLC and Abigail P. Johnson, the total number of LiveOne, Inc. common shares beneficially owned is 7,042,283.
What percentage of LiveOne, Inc.'s common stock does FMR LLC and Abigail P. Johnson collectively own according to this filing?
According to Item 4(b) and Item 11 for both FMR LLC and Abigail P. Johnson, they collectively own 7.723% of LiveOne, Inc.'s common stock.
What is the CUSIP number for LiveOne, Inc. common stock as stated in the filing?
The CUSIP number for LiveOne, Inc. common stock, as stated in the filing, is #53814X102.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding LiveOne, Inc. (LVO).