The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Acquires $5,364,151.38 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc bought 219,303 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $24.46 per share, for a total transaction of $5,364,151.38. Following the acquisition, the insider now directly owns 35,182,219 shares of the company’s stock, valued at approximately $860,557,076.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, April 24th, Berkshire Hathaway Inc purchased 123,388 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $25.22 per share, with a total value of $3,111,845.36.
• On Friday, April 12th, Berkshire Hathaway Inc acquired 413,227 shares of The Liberty SiriusXM Group stock. The stock was purchased 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 bought 513,104 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average price of $25.96 per share, with a total value of $13,320,179.84.
• On Monday, April 8th, Berkshire Hathaway Inc purchased 938,896 shares of The Liberty SiriusXM Group stock. The shares were 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 acquired 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 bought 189,759 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $29.25 per share, with a total value of $5,550,450.75.
• On Monday, March 25th, Berkshire Hathaway Inc purchased 199,664 shares of The Liberty SiriusXM Group stock. The stock was bought 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 bought 333,916 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $28.92 per share, with a total value of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc purchased 20,609 shares of The Liberty SiriusXM Group stock. The shares were bought 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 cost of $29.86 per share, for a total transaction of $15,581,067.44.

The Liberty SiriusXM Group Trading Down 0.5 %

Shares of The Liberty SiriusXM Group stock opened at $24.27 on Monday. The Liberty SiriusXM Group has a 1 year low of $22.24 and a 1 year high of $31.67. The company has a 50-day moving average of $28.01 and a 200 day moving average of $27.96.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.29 billion for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new stake in shares of The Liberty SiriusXM Group in the fourth quarter worth $66,000. TFO Wealth Partners LLC grew its position in The Liberty SiriusXM Group by 43,283.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock valued at $75,000 after purchasing an additional 2,597 shares during the last quarter. Signaturefd LLC increased its stake in The Liberty SiriusXM Group by 52.9% during the 3rd quarter. Signaturefd LLC now owns 3,326 shares of the technology company’s stock valued at $85,000 after purchasing an additional 1,151 shares in the last quarter. Headlands Technologies LLC raised its holdings in The Liberty SiriusXM Group by 615.9% in the fourth quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock worth $97,000 after buying an additional 2,907 shares during the last quarter. Finally, Equitec Proprietary Markets LLC bought a new position in shares of The Liberty SiriusXM Group in the first quarter worth approximately $123,000. Institutional investors own 56.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

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.