Sirius XM (NASDAQ:SIRI – Get Free Report) had its price target upped by research analysts at Rosenblatt Securities from $28.00 to $29.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 16.89% from the company’s previous close.
A number of other equities research analysts also recently weighed in on SIRI. The Goldman Sachs Group decreased their target price on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Citigroup lifted their price objective on Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a research report on Thursday, September 26th. Guggenheim cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Morgan Stanley reaffirmed an “underweight” rating and issued a $23.00 target price on shares of Sirius XM in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. boosted their price target on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.04.
View Our Latest Analysis on SIRI
Sirius XM Trading Down 2.8 %
Insider Activity at Sirius XM
In other Sirius XM news, major shareholder Berkshire Hathaway Inc acquired 175,569 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the acquisition, the insider now owns 110,276,790 shares of the company’s stock, valued at $3,024,892,349.70. This trade represents a 0.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 2,646,761 shares of company stock worth $65,952,329. Company insiders own 0.79% of the company’s stock.
Hedge Funds Weigh In On Sirius XM
Several institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after purchasing an additional 58,993 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Sirius XM during the third quarter valued at $5,489,000. Rehmann Capital Advisory Group raised its holdings in Sirius XM by 25.5% in the third quarter. Rehmann Capital Advisory Group now owns 21,763 shares of the company’s stock worth $521,000 after buying an additional 4,428 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Sirius XM in the 3rd quarter valued at approximately $371,000. Finally, Aequim Alternative Investments LP purchased a new stake in shares of Sirius XM during the third quarter valued at $6,932,000. 10.69% of the stock is currently owned by institutional investors.
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.
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