Sirius XM (NASDAQ:SIRI) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of Sirius XM (NASDAQ:SIRI) in a report released on Saturday. The firm set a “hold” rating on the stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley reissued an “underweight” rating and issued a $23.00 target price on shares of Sirius XM in a report on Tuesday, September 24th. Citigroup increased their price objective on Sirius XM from $2.80 to $21.00 and gave the company a “sell” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft decreased their target price on Sirius XM from $37.50 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Evercore ISI raised Sirius XM from an “underperform” rating to an “in-line” rating and lowered their price target for the company from $42.50 to $32.50 in a report on Monday, June 24th. Finally, Benchmark cut their price objective on shares of Sirius XM from $65.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.25.

Sirius XM Stock Performance

Shares of SIRI opened at $24.93 on Friday. The stock has a 50-day simple moving average of $27.66 and a 200-day simple moving average of $30.15. Sirius XM has a 1 year low of $22.18 and a 1 year high of $57.80. The stock has a market capitalization of $95.90 billion, a PE ratio of 75.55, a PEG ratio of 0.73 and a beta of 1.07.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, August 1st. The company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Sirius XM had a net margin of 14.56% and a negative return on equity of 52.15%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Analysts predict that Sirius XM will post 3.25 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of Sirius XM stock in a transaction on Friday, October 11th. The stock was purchased at an average cost of $24.95 per share, with a total value of $31,418,512.05. Following the purchase, the insider now directly owns 108,719,088 shares in the company, valued at approximately $2,712,541,245.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Scott Andrew Greenstein sold 144,723 shares of Sirius XM stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $31.60, for a total value of $4,573,246.80. Following the sale, the insider now owns 98,933 shares of the company’s stock, valued at $3,126,282.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Berkshire Hathaway Inc purchased 1,259,259 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were purchased at an average cost of $24.95 per share, with a total value of $31,418,512.05. Following the completion of the acquisition, the insider now directly owns 108,719,088 shares of the company’s stock, valued at $2,712,541,245.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Sirius XM

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Sirius XM by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 54,682,133 shares of the company’s stock worth $299,111,000 after purchasing an additional 363,551 shares during the period. Point72 Asset Management L.P. acquired a new position in Sirius XM during the second quarter worth about $12,858,000. Dimensional Fund Advisors LP increased its holdings in Sirius XM by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock valued at $12,260,000 after buying an additional 353,860 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Sirius XM by 14.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company’s stock valued at $10,807,000 after acquiring an additional 490,761 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Sirius XM by 25.8% during the 1st quarter. ProShare Advisors LLC now owns 3,747,881 shares of the company’s stock valued at $14,542,000 after acquiring an additional 768,570 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Company Profile

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.