The Liberty SiriusXM Group (NASDAQ:LSXMA) Major Shareholder Purchases $3,111,845.36 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMA) major shareholder Berkshire Hathaway Inc acquired 123,388 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $25.22 per share, for a total transaction of $3,111,845.36. Following the transaction, the insider now owns 34,805,607 shares of the company’s stock, valued at approximately $877,797,408.54. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large 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 Friday, April 12th, Berkshire Hathaway Inc purchased 413,227 shares of The Liberty SiriusXM Group stock. The stock was purchased 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 purchased 513,104 shares of The Liberty SiriusXM Group stock. The stock was purchased 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 purchased 938,896 shares of The Liberty SiriusXM Group stock. The stock was purchased 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 purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The stock was purchased 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 purchased 189,759 shares of The Liberty SiriusXM Group stock. The stock was purchased 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 bought 20,609 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $29.94 per share, for a total transaction of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc bought 521,804 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $29.86 per share, for a total transaction of $15,581,067.44.

The Liberty SiriusXM Group Trading Down 0.9 %

LSXMA stock traded down $0.22 on Friday, reaching $24.31. 2,179,510 shares of the company were exchanged, compared to its average volume of 1,613,648. The Liberty SiriusXM Group has a 12 month low of $22.01 and a 12 month high of $31.69. The stock’s fifty day moving average price is $28.10 and its 200 day moving average price is $27.96.

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

Institutional Investors Weigh In On The Liberty SiriusXM Group

Institutional investors have recently bought and sold shares of the business. TFO Wealth Partners LLC boosted its stake 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 in the last quarter. LWM Advisory Services LLC acquired a new stake in shares of The Liberty SiriusXM Group in the 3rd quarter valued at $134,000. Seizert Capital Partners LLC acquired a new stake in shares of The Liberty SiriusXM Group in the 4th quarter valued at $224,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of The Liberty SiriusXM Group in the 4th quarter valued at $234,000. Finally, Jump Financial LLC acquired a new stake in shares of The Liberty SiriusXM Group in the 3rd quarter valued at $244,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $28.00 in a research report 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.