The Liberty SiriusXM Group (NASDAQ:LSXMA) Shares Bought by abrdn plc

abrdn plc lifted its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) by 112.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,367 shares of the technology company’s stock after purchasing an additional 12,912 shares during the quarter. abrdn plc’s holdings in The Liberty SiriusXM Group were worth $680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LWM Advisory Services LLC purchased a new stake in shares of The Liberty SiriusXM Group in the third quarter valued at about $134,000. Jump Financial LLC purchased a new position in shares of The Liberty SiriusXM Group during the 3rd quarter worth approximately $244,000. Ursa Fund Management LLC acquired a new stake in shares of The Liberty SiriusXM Group in the 3rd quarter valued at approximately $361,000. Hsbc Holdings PLC grew its holdings in The Liberty SiriusXM Group by 14.8% during the third quarter. Hsbc Holdings PLC now owns 14,318 shares of the technology company’s stock worth $364,000 after acquiring an additional 1,845 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in The Liberty SiriusXM Group by 904.8% in the third quarter. Tower Research Capital LLC TRC now owns 14,881 shares of the technology company’s stock worth $379,000 after acquiring an additional 13,400 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc purchased 175,827 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $30.70 per share, with a total value of $5,397,888.90. Following the completion of the acquisition, the insider now directly owns 48,499,472 shares in the company, valued at approximately $1,488,933,790.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have purchased 6,321,691 shares of company stock worth $176,608,626.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $35.00 to $28.00 in a report on Wednesday, April 24th.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMA stock opened at $25.61 on Tuesday. The Liberty SiriusXM Group has a fifty-two week low of $22.01 and a fifty-two week high of $31.69. The business has a fifty day simple moving average of $28.01 and a 200-day simple moving average of $27.99.

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

About The Liberty SiriusXM Group

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.