Wilbanks Smith & Thomas Asset Management LLC Invests $519,000 in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,067 shares of the technology company’s stock, valued at approximately $519,000.

Other institutional investors have also recently bought and sold shares of the company. LWM Advisory Services LLC acquired a new position in shares of The Liberty SiriusXM Group during the third quarter worth approximately $134,000. Jump Financial LLC bought a new position in The Liberty SiriusXM Group in the 3rd quarter valued at $244,000. Ursa Fund Management LLC bought a new position in The Liberty SiriusXM Group in the 3rd quarter valued at $361,000. Hsbc Holdings PLC increased its stake in shares of The Liberty SiriusXM Group by 14.8% in the 3rd quarter. Hsbc Holdings PLC now owns 14,318 shares of the technology company’s stock valued at $364,000 after buying an additional 1,845 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of The Liberty SiriusXM Group by 904.8% during the third quarter. Tower Research Capital LLC TRC now owns 14,881 shares of the technology company’s stock worth $379,000 after acquiring an additional 13,400 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

The Liberty SiriusXM Group Trading Up 1.5 %

NASDAQ LSXMA opened at $25.13 on Friday. The company has a 50 day moving average of $27.58 and a 200-day moving average of $27.93. 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 released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $2.29 billion for the quarter. Sell-side analysts expect that The Liberty SiriusXM Group will post 2.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Citigroup lowered The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $35.00 to $28.00 in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.67.

Insider Transactions at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc acquired 234,194 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $28.77 per share, for a total transaction of $6,737,761.38. Following the completion of the acquisition, the insider now directly owns 48,733,666 shares of the company’s stock, valued at approximately $1,402,067,570.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders purchased 6,457,501 shares of company stock worth $179,148,132. Corporate insiders own 12.47% of the company’s stock.

The Liberty SiriusXM Group Profile

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.