Traders Buy Large Volume of Call Options on Sirius XM (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 39,523 call options on the company. This is an increase of 95% compared to the typical volume of 20,251 call options.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SIRI shares. TD Cowen cut Sirius XM to a “hold” rating in a report on Wednesday, September 2nd. Wolfe Research initiated coverage on shares of Sirius XM in a report on Wednesday, September 2nd. They set an “outperform” rating on the stock. The Goldman Sachs Group raised shares of Sirius XM from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $37.00 in a research note on Tuesday. Cantor Fitzgerald assumed coverage on Sirius XM in a research report on Wednesday, September 2nd. They issued an “overweight” rating for the company. Finally, Morgan Stanley lifted their target price on Sirius XM from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Sirius XM presently has an average rating of “Hold” and an average target price of $32.92.

Sirius XM Price Performance

Shares of Sirius XM stock traded up $2.25 during trading hours on Wednesday, reaching $33.05. The stock had a trading volume of 2,796,110 shares, compared to its average volume of 4,801,349. Sirius XM has a twelve month low of $19.76 and a twelve month high of $33.07. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $11.12 billion, a PE ratio of 13.51, a PEG ratio of 0.48 and a beta of 0.98. The stock’s 50 day moving average is $27.59 and its 200 day moving average is $26.26.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Sirius XM had a net margin of 10.47% and a return on equity of 9.42%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. Equities analysts expect that Sirius XM will post 3.02 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.3%. Sirius XM’s payout ratio is presently 44.26%.

More Sirius XM News

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Goldman Sachs upgraded Sirius XM to Buy and raised its price target to $37 from $33. The firm cited the value of Sirius XM’s spectrum holdings and its YouTube advertising deal as potential sources of value. Goldman upgrade article
• Positive Sentiment: Management reported signs of subscription stabilization in Q3, including positive self-pay net additions, improved year-over-year churn and stable average revenue per user. The company also highlighted operational efficiency and a focus on customer lifetime value. Q3 earnings call article
• Neutral Sentiment: Analyst views remain divided. A report says Wall Street brokerages collectively rate SIRI “Hold,” reflecting the contrast between Goldman’s upgrade and more cautious assessments. Brokerage ratings article
• Neutral Sentiment: Sirius XM is adding programming, including a Wu-Tang Clan channel and special coverage of the 2026 midterm elections. These offerings may support engagement, though their financial impact is not yet clear. Wu-Tang Clan channel article
• Negative Sentiment: JPMorgan cut its price target to $32 from $34 and maintained a Neutral rating, signaling limited upside in its view. Separately, Pandora’s monthly user base declined year over year, while SiriusXM’s revenue-share and royalty costs rose to $726 million—potential headwinds to growth and margins. JPMorgan rating information Pandora users and royalty costs article

Insiders Place Their Bets

In other news, Director Jonelle Procope sold 16,672 shares of Sirius XM stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the sale, the director owned 18,354 shares in the company, valued at $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.27% of the company’s stock.

Institutional Trading of Sirius XM

A number of large investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $32,000. Sunbelt Securities Inc. lifted its holdings in shares of Sirius XM by 158.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after purchasing an additional 794 shares during the last quarter. Root Financial Partners LLC grew its position in Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after purchasing an additional 1,195 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Sirius XM during the first quarter worth approximately $33,000. Finally, Altshuler Shaham Ltd lifted its position in Sirius XM by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after purchasing an additional 417 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc is a media and entertainment company that provides subscription-based audio programming through its SiriusXM service. The company delivers a broad range of commercial-free music, live sports, news, talk and entertainment programming, including exclusive channels, original shows and coverage of major events.

SiriusXM content is distributed primarily through satellite radio and internet streaming. Subscribers can access the service in vehicles, through the SiriusXM mobile app and website, and on supported connected devices.