Berkshire Hathaway Inc Buys 219,303 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMA) major shareholder Berkshire Hathaway Inc purchased 219,303 shares of the business’s stock in a transaction on Friday, April 26th. The shares were purchased at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following the transaction, the insider now directly owns 35,182,219 shares of the company’s stock, valued at approximately $860,557,076.74. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

• On Wednesday, April 24th, Berkshire Hathaway Inc purchased 123,388 shares of The Liberty SiriusXM Group stock. The shares were purchased 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 purchased 413,227 shares of The Liberty SiriusXM Group stock. The shares were 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 shares were 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 shares were 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 acquired 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were bought 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 acquired 189,759 shares of The Liberty SiriusXM Group stock. The shares were bought 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 acquired 199,664 shares of The Liberty SiriusXM Group stock. The shares were bought 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 acquired 333,916 shares of The Liberty SiriusXM Group stock. The shares were bought 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 acquired 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 purchased 521,804 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average cost of $29.86 per share, for a total transaction of $15,581,067.44.

The Liberty SiriusXM Group Stock Down 0.9 %

Shares of NASDAQ LSXMA opened at $24.31 on Friday. The Liberty SiriusXM Group has a fifty-two week low of $22.01 and a fifty-two week high of $31.69. The firm’s 50-day simple moving average is $28.10 and its 200 day simple moving average is $27.96.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The firm had revenue of $2.29 billion during the quarter. Sell-side analysts forecast that The Liberty SiriusXM Group will post 1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in The Liberty SiriusXM Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 10,876,251 shares of the technology company’s stock valued at $312,583,000 after buying an additional 131,699 shares during the last quarter. Aristeia Capital LLC increased its stake in shares of The Liberty SiriusXM Group by 5.0% during the 3rd quarter. Aristeia Capital LLC now owns 3,314,144 shares of the technology company’s stock worth $84,345,000 after purchasing an additional 157,677 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of The Liberty SiriusXM Group by 7.8% during the 4th quarter. Point72 Asset Management L.P. now owns 2,620,134 shares of the technology company’s stock worth $75,303,000 after purchasing an additional 190,608 shares during the last quarter. Cadian Capital Management LP increased its stake in shares of The Liberty SiriusXM Group by 35.2% during the 4th quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock worth $42,374,000 after purchasing an additional 384,000 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of The Liberty SiriusXM Group by 769.2% during the 4th quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock worth $40,305,000 after purchasing an additional 1,241,057 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup cut shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their price target for the company 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.