The Liberty SiriusXM Group (NASDAQ:LSXMA) Receives Consensus Rating of “Buy” from Analysts

The Liberty SiriusXM Group (NASDAQ:LSXMA) has received a consensus recommendation of “Buy” from the two ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.00.

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

Insider Transactions at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc bought 495,739 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was purchased at an average price of $30.12 per share, for a total transaction of $14,931,658.68. Following the acquisition, the insider now owns 47,967,158 shares of the company’s stock, valued at $1,444,770,798.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought 6,613,871 shares of company stock worth $187,375,989 in the last 90 days.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Institutional investors have recently modified their holdings of the company. TFO Wealth Partners LLC lifted its position in The Liberty SiriusXM Group by 70,150.0% in 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 purchased a new stake in The Liberty SiriusXM Group in the third quarter valued at $134,000. Seizert Capital Partners LLC purchased a new stake in The Liberty SiriusXM Group in the fourth quarter valued at $224,000. Robeco Institutional Asset Management B.V. purchased a new stake in The Liberty SiriusXM Group in the fourth quarter valued at $234,000. Finally, Jump Financial LLC purchased a new stake in The Liberty SiriusXM Group in the third quarter valued at $244,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Price Performance

NASDAQ LSXMA opened at $25.39 on Wednesday. The stock’s fifty day moving average price is $28.43 and its 200 day moving average price is $28.01. The Liberty SiriusXM Group has a 1 year low of $22.01 and a 1 year high of $31.69.

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

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.