Berkshire Hathaway Inc Sells 52,911 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMA) major shareholder Berkshire Hathaway Inc sold 52,911 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% 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 Monday, April 29th, Berkshire Hathaway Inc bought 311,637 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average cost of $25.47 per share, for a total transaction of $7,937,394.39.
• On Friday, April 26th, Berkshire Hathaway Inc bought 219,303 shares of The Liberty SiriusXM Group stock. The stock was 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 bought 123,388 shares of The Liberty SiriusXM Group stock. The stock was 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 bought 413,227 shares of The Liberty SiriusXM Group stock. The stock was 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 bought 513,104 shares of The Liberty SiriusXM Group stock. The stock was 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 bought 938,896 shares of The Liberty SiriusXM Group stock. The stock was 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 purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $27.76 per share, with a total value 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 price of $29.25 per share, with a total value 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 price of $28.82 per share, with a total value 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 price of $28.92 per share, with a total value of $9,656,850.72.

The Liberty SiriusXM Group Price Performance

Shares of LSXMA opened at $21.40 on Wednesday. The company has a market cap of $6.99 billion and a P/E ratio of 8.81. The stock has a fifty day moving average price of $23.60 and a 200 day moving average price of $27.32. The Liberty SiriusXM Group has a 12 month low of $20.13 and a 12 month high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.05). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. As a group, research analysts anticipate that The Liberty SiriusXM Group will post 2.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a report on Monday. Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Finally, Citigroup downgraded The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $28.00 in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, The Liberty SiriusXM Group has a consensus rating of “Moderate Buy” and an average price target of $32.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of The Liberty SiriusXM Group by 12.7% in the first quarter. Vanguard Group Inc. now owns 12,262,936 shares of the technology company’s stock worth $364,209,000 after purchasing an additional 1,386,685 shares in the last quarter. Aristeia Capital LLC lifted its holdings in shares of The Liberty SiriusXM Group by 5.0% in the third quarter. Aristeia Capital LLC now owns 3,314,144 shares of the technology company’s stock valued at $84,345,000 after buying an additional 157,677 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of The Liberty SiriusXM Group by 7.8% in the fourth quarter. Point72 Asset Management L.P. now owns 2,620,134 shares of the technology company’s stock valued at $75,303,000 after buying an additional 190,608 shares during the period. Cadian Capital Management LP lifted its holdings 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 buying an additional 384,000 shares during the period. Finally, UBS Group AG lifted its holdings 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 buying an additional 1,241,057 shares during the period. Institutional investors own 28.72% of the company’s stock.

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.