Hsbc Holdings PLC Has $237,000 Holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Hsbc Holdings PLC grew its position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) by 10.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 10,715 shares of the technology company’s stock after buying an additional 1,049 shares during the period. Hsbc Holdings PLC’s holdings in The Liberty SiriusXM Group were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LSXMA. Vanguard Group Inc. boosted its stake in The Liberty SiriusXM Group by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 12,262,936 shares of the technology company’s stock valued at $364,209,000 after purchasing an additional 1,386,685 shares during the last quarter. Cadian Capital Management LP boosted its position in shares of The Liberty SiriusXM Group by 35.2% during 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 last quarter. Aequim Alternative Investments LP bought a new stake in The Liberty SiriusXM Group during the first quarter worth $10,395,000. Boston Partners purchased a new stake in The Liberty SiriusXM Group in the 1st quarter valued at $9,499,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in The Liberty SiriusXM Group during the 1st quarter valued at $7,544,000. 28.72% of the stock is owned by institutional investors and hedge funds.

The Liberty SiriusXM Group Price Performance

NASDAQ LSXMA opened at $22.29 on Friday. The business’s fifty day moving average is $22.40 and its 200-day moving average is $23.50. The stock has a market capitalization of $7.28 billion and a price-to-earnings ratio of 9.17. The Liberty SiriusXM Group has a one year low of $20.13 and a one year high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Research analysts expect that The Liberty SiriusXM Group will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LSXMA. Benchmark reiterated a “buy” rating and issued a $54.00 target price on shares of The Liberty SiriusXM Group in a research note on Monday, August 12th. Evercore ISI reaffirmed an “in-line” rating and issued a $27.00 price objective (down from $36.00) on shares of The Liberty SiriusXM Group in a research report on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating on the stock in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.13.

The Liberty SiriusXM Group 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.