SBI Securities Co. Ltd. Purchases 3,111 Shares of Sirius XM Holdings Inc. $SIRI

SBI Securities Co. Ltd. boosted its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 37.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,379 shares of the company’s stock after purchasing an additional 3,111 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Sirius XM were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in SIRI. IFP Advisors Inc raised its position in shares of Sirius XM by 15.6% in the 1st quarter. IFP Advisors Inc now owns 17,133 shares of the company’s stock worth $386,000 after acquiring an additional 2,307 shares in the last quarter. Cresset Asset Management LLC boosted its position in Sirius XM by 9.0% during the first quarter. Cresset Asset Management LLC now owns 11,463 shares of the company’s stock valued at $258,000 after purchasing an additional 944 shares in the last quarter. Brighton Jones LLC purchased a new position in Sirius XM in the fourth quarter valued at about $622,000. CW Advisors LLC raised its holdings in Sirius XM by 101.0% in the first quarter. CW Advisors LLC now owns 114,086 shares of the company’s stock worth $2,573,000 after purchasing an additional 57,330 shares in the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of Sirius XM by 78.3% during the second quarter. Ninety One UK Ltd now owns 342,090 shares of the company’s stock valued at $7,858,000 after buying an additional 150,261 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SIRI. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Sirius XM in a research report on Monday, November 3rd. Zacks Research upgraded shares of Sirius XM from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Rosenblatt Securities lifted their price target on shares of Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Sirius XM from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and an average target price of $24.29.

Sirius XM Trading Down 0.4%

Sirius XM stock opened at $21.51 on Friday. The stock has a 50-day moving average price of $22.35 and a 200 day moving average price of $22.47. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of -3.19, a price-to-earnings-growth ratio of 0.32 and a beta of 0.96. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $29.18. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the firm posted ($8.74) EPS. Sirius XM’s revenue for the quarter was down .6% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 5.0%. Sirius XM’s payout ratio is currently 38.16%.

Insider Buying and Selling

In other Sirius XM news, Director Kristina Salen sold 1,845 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $21.64, for a total value of $39,925.80. Following the sale, the director directly owned 19,969 shares of the company’s stock, valued at approximately $432,129.16. This represents a 8.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.32% of the company’s stock.

About Sirius XM

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.