The Liberty SiriusXM Group (NASDAQ:LSXMA) Major Shareholder Berkshire Hathaway Inc Buys 219,303 Shares of Stock

Posted by Linda Flegge on Apr 27th, 2024

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Free Report) major shareholder Berkshire Hathaway Inc bought 219,303 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was bought at an average cost of $24.46 per share, with a total value of $5,364,151.38. Following the completion of the acquisition, the insider now owns 35,182,219 shares in the company, valued at approximately $860,557,076.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

On Wednesday, April 24th, Berkshire Hathaway Inc bought 123,388 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $25.22 per share, with a total value of $3,111,845.36.
On Friday, April 12th, Berkshire Hathaway Inc bought 413,227 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $25.58 per share, with a total value of $10,570,346.66.
On Wednesday, April 10th, Berkshire Hathaway Inc bought 513,104 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $25.96 per share, with a total value of $13,320,179.84.
On Monday, April 8th, Berkshire Hathaway Inc bought 938,896 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $26.98 per share, with a total value of $25,331,414.08.
On Thursday, April 4th, Berkshire Hathaway Inc purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $27.76 per share, with a total value of $34,700,000.00.
On Wednesday, March 27th, Berkshire Hathaway Inc purchased 189,759 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $29.25 per share, with a total value of $5,550,450.75.
On Monday, March 25th, Berkshire Hathaway Inc purchased 199,664 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $28.82 per share, with a total value of $5,754,316.48.
On Thursday, March 21st, Berkshire Hathaway Inc purchased 333,916 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $28.92 per share, with a total value of $9,656,850.72.
On Monday, March 11th, Berkshire Hathaway Inc purchased 20,609 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $29.94 per share, with a total value of $617,033.46.
On Friday, March 8th, Berkshire Hathaway Inc purchased 521,804 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $29.86 per share, with a total value of $15,581,067.44.

The Liberty SiriusXM Group Price Performance

NASDAQ LSXMA opened at $24.31 on Friday. The stock has a fifty day moving average of $28.10 and a 200-day moving average of $27.96. The Liberty SiriusXM Group has a 52 week low of $22.01 and a 52 week high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Free Report) last released its earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The firm had revenue of $2.29 billion during the quarter. On average, sell-side analysts anticipate that The Liberty SiriusXM Group will post 1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. TFO Wealth Partners LLC boosted its position in shares of The Liberty SiriusXM Group by 70,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,403 shares during the last quarter. LWM Advisory Services LLC bought a new position in shares of The Liberty SiriusXM Group in the 3rd quarter worth $134,000. Seizert Capital Partners LLC bought a new position in shares of The Liberty SiriusXM Group in the 4th quarter worth $224,000. Robeco Institutional Asset Management B.V. bought a new position in shares of The Liberty SiriusXM Group in the 4th quarter worth $234,000. Finally, Jump Financial LLC bought a new position in shares of The Liberty SiriusXM Group in the 3rd quarter worth $244,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Citigroup cut The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $28.00 in a report on Wednesday.

View Our Latest Research Report on LSXMA

The Liberty SiriusXM Group Company Profile

(Get Free Report)

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.