Insider Buying: The Liberty SiriusXM Group (NASDAQ:LSXMA) Major Shareholder Purchases 123,388 Shares of Stock

The Liberty SiriusXM Group (NASDAQ:LSXMA) major shareholder Berkshire Hathaway Inc acquired 123,388 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was bought at an average cost of $25.22 per share, with a total value of $3,111,845.36. Following the acquisition, the insider now owns 34,805,607 shares in the company, valued at approximately $877,797,408.54. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 26th, Berkshire Hathaway Inc purchased 219,303 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price of $24.46 per share, for a total transaction of $5,364,151.38.
• On Friday, April 12th, Berkshire Hathaway Inc purchased 413,227 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price 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 stock was acquired at an average price 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 stock was acquired at an average price of $26.98 per share, for a total transaction of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price 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 purchased at an average price 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 purchased at an average price 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 purchased at an average price 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 purchased at an average price of $29.94 per share, for a total transaction of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc acquired 521,804 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average price 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 traded down $0.22 during mid-day trading on Friday, reaching $24.31. The company had a trading volume of 2,179,510 shares, compared to its average volume of 1,613,648. The Liberty SiriusXM Group has a one year low of $22.01 and a one year high of $31.69. The business’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 issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The company 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.

Analyst Upgrades and Downgrades

Separately, Citigroup cut The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $28.00 in a research report on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Segantii Capital Management Ltd acquired a new stake in The Liberty SiriusXM Group in the third quarter valued at about $19,088,000. Vanguard Group Inc. boosted its stake in The Liberty SiriusXM Group by 46.6% in the third quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock valued at $273,449,000 after buying an additional 3,416,321 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Liberty SiriusXM Group in the third quarter valued at about $4,925,000. Alpine Global Management LLC boosted its stake in The Liberty SiriusXM Group by 10.7% in the third quarter. Alpine Global Management LLC now owns 235,065 shares of the technology company’s stock valued at $5,982,000 after buying an additional 22,725 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in The Liberty SiriusXM Group by 55,885.2% in the third quarter. Lazard Asset Management LLC now owns 15,116 shares of the technology company’s stock valued at $384,000 after buying an additional 15,089 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

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.