Sirius XM (NASDAQ:SIRI) Price Target Raised to $21.00 at JPMorgan Chase & Co.

Sirius XM (NASDAQ:SIRI) had its price objective upped by JPMorgan Chase & Co. from $20.00 to $21.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 20.48% from the stock’s previous close.

A number of other research firms have also weighed in on SIRI. Guggenheim raised Sirius XM from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, September 18th. Pivotal Research decreased their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Sirius XM from $37.50 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Morgan Stanley reissued an “underweight” rating and set a $23.00 target price on shares of Sirius XM in a report on Tuesday, September 24th. Finally, 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 report on Monday. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.96.

Sirius XM Stock Up 0.8 %

Shares of NASDAQ:SIRI traded up $0.21 during trading on Thursday, hitting $26.41. 2,703,461 shares of the company were exchanged, compared to its average volume of 3,499,445. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of -4.18, a P/E/G ratio of 1.37 and a beta of 1.04. Sirius XM has a fifty-two week low of $22.18 and a fifty-two week high of $57.80. The firm has a fifty day moving average price of $26.19 and a two-hundred day moving average price of $29.26. The company has a current ratio of 0.37, a quick ratio of 0.43 and a debt-to-equity ratio of 0.93.

Insider Transactions at Sirius XM

In related news, major shareholder Berkshire Hathaway Inc bought 175,569 shares of Sirius XM stock in a transaction dated Friday, October 18th. The shares were bought at an average cost of $27.43 per share, with a total value of $4,815,857.67. Following the acquisition, the insider now owns 110,276,790 shares in the company, valued at $3,024,892,349.70. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders have purchased 2,646,761 shares of company stock valued at $65,952,329. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of Sirius XM

Several large investors have recently modified their holdings of the stock. Coston McIsaac & Partners boosted its stake in Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. TCTC Holdings LLC acquired a new stake in Sirius XM in the third quarter valued at about $29,000. Princeton Global Asset Management LLC boosted its stake in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after buying an additional 1,315 shares in the last quarter. Trium Capital LLP acquired a new stake in Sirius XM in the third quarter valued at about $50,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Sirius XM in the third quarter valued at about $51,000. 10.69% of the stock is owned by institutional investors and hedge funds.

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.