Insider Buying: The Liberty SiriusXM Group (NASDAQ:LSXMA) Major Shareholder Purchases $7,937,394.39 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMA) major shareholder Berkshire Hathaway Inc purchased 311,637 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $25.47 per share, with a total value of $7,937,394.39. Following the acquisition, the insider now directly owns 70,002,897 shares in the company, valued at $1,782,973,786.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, April 26th, Berkshire Hathaway Inc acquired 219,303 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $24.46 per share, for a total transaction of $5,364,151.38.
• On Wednesday, April 24th, Berkshire Hathaway Inc acquired 123,388 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $25.22 per share, for a total transaction of $3,111,845.36.
• On Friday, April 12th, Berkshire Hathaway Inc acquired 413,227 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $25.58 per share, for a total transaction of $10,570,346.66.
• On Wednesday, April 10th, Berkshire Hathaway Inc acquired 513,104 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $13,320,179.84.
• On Monday, April 8th, Berkshire Hathaway Inc acquired 938,896 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $26.98 per share, for a total transaction of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc acquired 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $27.76 per share, for a total transaction of $34,700,000.00.
• On Wednesday, March 27th, Berkshire Hathaway Inc acquired 189,759 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $29.25 per share, for a total transaction of $5,550,450.75.
• On Monday, March 25th, Berkshire Hathaway Inc purchased 199,664 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $28.82 per share, for a total transaction of $5,754,316.48.
• On Thursday, March 21st, Berkshire Hathaway Inc purchased 333,916 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $28.92 per share, for a total transaction of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc purchased 20,609 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $29.94 per share, for a total transaction of $617,033.46.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ LSXMA opened at $25.13 on Friday. The business has a 50-day moving average of $27.58 and a 200-day moving average of $27.93. The Liberty SiriusXM Group has a fifty-two week low of $22.01 and a fifty-two week high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter. The company had revenue of $2.29 billion during the quarter. Research analysts anticipate that The Liberty SiriusXM Group will post 2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LSXMA. Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Citigroup downgraded 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 research note on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.67.

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in The Liberty SiriusXM Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 10,876,251 shares of the technology company’s stock worth $312,583,000 after purchasing an additional 131,699 shares during the period. Aristeia Capital LLC grew its holdings in The Liberty SiriusXM Group by 5.0% during the third quarter. Aristeia Capital LLC now owns 3,314,144 shares of the technology company’s stock worth $84,345,000 after purchasing an additional 157,677 shares during the period. Point72 Asset Management L.P. lifted its position in The Liberty SiriusXM Group by 7.8% during the fourth quarter. Point72 Asset Management L.P. now owns 2,620,134 shares of the technology company’s stock worth $75,303,000 after acquiring an additional 190,608 shares during the last quarter. Cadian Capital Management LP grew its position in shares of The Liberty SiriusXM Group by 35.2% in the fourth quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock valued at $42,374,000 after purchasing an additional 384,000 shares during the last quarter. Finally, UBS Group AG grew its position in shares of The Liberty SiriusXM Group by 769.2% in the fourth quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock valued at $40,305,000 after purchasing an additional 1,241,057 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

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.