Analysts Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Target Price at $27.58

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRIGet Free Report) have been assigned an average rating of “Reduce” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.58.

A number of analysts have commented on the stock. Barrington Research cut their price target on shares of Sirius XM from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, December 13th. Bank of America reissued an “underperform” rating and issued a $23.00 price target on shares of Sirius XM in a research note on Thursday, October 24th. Citigroup boosted their target price on shares of Sirius XM from $2.80 to $21.00 and gave the company a “sell” rating in a research report on Thursday, September 26th. Benchmark restated a “buy” rating and issued a $43.00 price target on shares of Sirius XM in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their target price on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th.

View Our Latest Report on Sirius XM

Sirius XM Trading Up 1.2 %

Shares of SIRI stock opened at $22.36 on Friday. The stock has a 50-day moving average of $25.36 and a 200-day moving average of $28.16. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of -3.53 and a beta of 1.03. Sirius XM has a 1-year low of $20.47 and a 1-year high of $55.50.

Sirius XM Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, November 5th. This is a boost from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 4.83%. Sirius XM’s dividend payout ratio (DPR) is -17.03%.

Insider Activity

In other Sirius XM news, major shareholder Berkshire Hathaway Inc purchased 869,800 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average cost of $23.55 per share, with a total value of $20,483,790.00. Following the completion of the transaction, the insider now owns 106,024,829 shares of the company’s stock, valued at $2,496,884,722.95. The trade was a 0.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 2,646,761 shares of company stock worth $65,952,329 over the last quarter. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new position in Sirius XM during the fourth quarter valued at about $104,000. Everence Capital Management Inc. purchased a new position in Sirius XM in the fourth quarter valued at about $241,000. Franklin Resources Inc. boosted its stake in Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after acquiring an additional 58,993 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sirius XM during the 3rd quarter valued at approximately $5,489,000. Finally, Rehmann Capital Advisory Group increased its stake in shares of Sirius XM by 25.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 21,763 shares of the company’s stock worth $521,000 after purchasing an additional 4,428 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Company Profile

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Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.

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Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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