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

The Liberty SiriusXM Group (NASDAQ:LSXMA) major shareholder Berkshire Hathaway Inc bought 219,303 shares of The Liberty SiriusXM Group stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $24.46 per share, for a total transaction of $5,364,151.38. Following the purchase, the insider now directly owns 35,182,219 shares in the company, valued at approximately $860,557,076.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, April 24th, Berkshire Hathaway Inc purchased 123,388 shares of The Liberty SiriusXM Group stock. The stock was acquired 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 purchased 413,227 shares of The Liberty SiriusXM Group stock. The stock was acquired 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 purchased 513,104 shares of The Liberty SiriusXM Group stock. The stock was acquired 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 purchased 938,896 shares of The Liberty SiriusXM Group stock. The stock was acquired 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 acquired 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were purchased 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 acquired 189,759 shares of The Liberty SiriusXM Group stock. The shares were purchased 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 acquired 199,664 shares of The Liberty SiriusXM Group stock. The shares were purchased 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 acquired 333,916 shares of The Liberty SiriusXM Group stock. The shares were purchased 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 acquired 20,609 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.94 per share, with a total value of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc acquired 521,804 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.86 per share, with a total value of $15,581,067.44.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMA stock traded down $0.22 on Friday, reaching $24.31. The company had a trading volume of 2,179,510 shares, compared to its average volume of 1,613,648. The company has a 50-day moving average of $28.10 and a 200-day moving average of $27.96. The Liberty SiriusXM Group has a 12 month low of $22.01 and a 12 month high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its quarterly earnings data 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 during the quarter. As a group, sell-side analysts expect that The Liberty SiriusXM Group will post 1.41 earnings per share for the current year.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Several institutional investors and hedge funds have recently modified their holdings of LSXMA. TFO Wealth Partners LLC grew 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 valued at $40,000 after purchasing an additional 1,403 shares during the period. LWM Advisory Services LLC acquired a new position in shares of The Liberty SiriusXM Group in the 3rd quarter valued at approximately $134,000. Seizert Capital Partners LLC acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $224,000. Robeco Institutional Asset Management B.V. acquired a new position in The Liberty SiriusXM Group during the 4th quarter worth approximately $234,000. Finally, Jump Financial LLC acquired a new position in The Liberty SiriusXM Group during the 3rd quarter worth approximately $244,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

The Liberty SiriusXM Group Company Profile

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.