The Liberty SiriusXM Group (NASDAQ:LSXMA) Shares Gap Up Following Insider Buying Activity

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) gapped up before the market opened on Monday following insider buying activity. The stock had previously closed at $24.31, but opened at $25.06. The Liberty SiriusXM Group shares last traded at $25.42, with a volume of 150,627 shares trading hands.

Specifically, major shareholder Berkshire Hathaway Inc purchased 175,827 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $30.70 per share, with a total value of $5,397,888.90. Following the acquisition, the insider now owns 48,499,472 shares of the company’s stock, valued at approximately $1,488,933,790.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 6,321,691 shares of company stock valued at $176,608,626 in the last ninety days.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $28.00 in a research report on Wednesday, April 24th.

The Liberty SiriusXM Group Trading Down 6.1 %

The company’s fifty day simple moving average is $27.89 and its 200 day simple moving average is $27.98.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The business had revenue of $2.29 billion for the quarter. As a group, equities research analysts anticipate that The Liberty SiriusXM Group will post 1.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. TFO Wealth Partners LLC grew its position in The Liberty SiriusXM Group by 70,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,403 shares during the last quarter. LWM Advisory Services LLC bought a new position in The Liberty SiriusXM Group during the third quarter valued at approximately $134,000. Seizert Capital Partners LLC bought a new position in The Liberty SiriusXM Group during the fourth quarter valued at approximately $224,000. Robeco Institutional Asset Management B.V. bought a new position in The Liberty SiriusXM Group during the fourth quarter valued at approximately $234,000. Finally, Jump Financial LLC bought a new position in The Liberty SiriusXM Group during the third quarter valued at approximately $244,000. 28.72% of the stock is currently owned by institutional investors.

About The Liberty SiriusXM Group

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.