The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) major shareholder Berkshire Hathaway Inc purchased 311,637 shares of the stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of $25.47 per share, for a total transaction of $7,937,394.39. Following the acquisition, the insider now owns 70,002,897 shares in the company, valued at $1,782,973,786.59. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions 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 cost of $24.46 per share, for a total transaction of $5,364,151.38.
- On Wednesday, April 24th, Berkshire Hathaway Inc purchased 123,388 shares of The Liberty SiriusXM Group stock. The stock was acquired 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 stock was acquired 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 acquired 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 acquired 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 purchased 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 purchased 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 purchased 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 purchased 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 purchased at an average cost of $29.94 per share, for a total transaction of $617,033.46.
The Liberty SiriusXM Group Stock Performance
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LSXMK opened at $24.64 on Thursday. The stock's 50 day simple moving average is $27.71 and its 200 day simple moving average is $27.92. The Liberty SiriusXM Group has a 1 year low of $22.24 and a 1 year high of $31.67.
The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $2.29 billion for the quarter.
Hedge Funds Weigh In On The Liberty SiriusXM Group
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of The Liberty SiriusXM Group by 9.6% during the fourth quarter. Vanguard Group Inc. now owns 13,850,967 shares of the technology company's stock valued at $398,631,000 after buying an additional 1,208,124 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of The Liberty SiriusXM Group by 4.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,205,655 shares of the technology company's stock valued at $92,259,000 after buying an additional 135,472 shares during the period. Seizert Capital Partners LLC increased its stake in shares of The Liberty SiriusXM Group by 11.8% during the third quarter. Seizert Capital Partners LLC now owns 2,165,962 shares of the technology company's stock valued at $55,145,000 after buying an additional 228,229 shares during the period. Norges Bank purchased a new position in shares of The Liberty SiriusXM Group during the fourth quarter valued at approximately $60,012,000. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of The Liberty SiriusXM Group by 14.6% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,881,543 shares of the technology company's stock valued at $47,904,000 after buying an additional 239,744 shares during the period. 56.58% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com upgraded The Liberty SiriusXM Group from a "sell" rating to a "hold" rating in a research report on Wednesday, March 6th.
Check Out Our Latest Report on The Liberty SiriusXM Group
The Liberty SiriusXM Group Company Profile
(
Get Free Report)
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.
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