Gregory B. Maffei Sells 6,584 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) CEO Gregory B. Maffei sold 6,584 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $69.52, for a total value of $457,719.68. Following the completion of the transaction, the chief executive officer now owns 945,653 shares of the company’s stock, valued at approximately $65,741,796.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The Liberty SiriusXM Group Stock Down 1.8 %

LSXMA opened at $26.24 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The firm has a market cap of $8.57 billion, a P/E ratio of 7.19 and a beta of 1.12. The Liberty SiriusXM Group has a 52 week low of $26.05 and a 52 week high of $46.87. The business’s fifty day simple moving average is $35.27 and its 200 day simple moving average is $39.08.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.22. The business had revenue of $2.28 billion for the quarter. The Liberty SiriusXM Group had a return on equity of 6.99% and a net margin of 14.35%.

Institutional Trading of The Liberty SiriusXM Group

Hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its stake in The Liberty SiriusXM Group by 338.7% in the 3rd quarter. Bessemer Group Inc. now owns 658 shares of the technology company’s stock worth $25,000 after buying an additional 508 shares during the last quarter. Coastal Investment Advisors Inc. boosted its stake in The Liberty SiriusXM Group by 1,925.0% in the 4th quarter. Coastal Investment Advisors Inc. now owns 810 shares of the technology company’s stock worth $32,000 after buying an additional 770 shares during the last quarter. Ellevest Inc. boosted its stake in The Liberty SiriusXM Group by 199.7% in the 4th quarter. Ellevest Inc. now owns 890 shares of the technology company’s stock worth $35,000 after buying an additional 593 shares during the last quarter. Pecaut & CO. acquired a new stake in The Liberty SiriusXM Group in the 3rd quarter worth about $38,000. Finally, Wipfli Financial Advisors LLC acquired a new stake in The Liberty SiriusXM Group in the 3rd quarter worth about $39,000. 29.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LSXMA. Deutsche Bank Aktiengesellschaft dropped their price target on The Liberty SiriusXM Group from $67.00 to $58.00 in a research report on Thursday. Credit Suisse Group restated an “outperform” rating and issued a $39.00 price target on shares of The Liberty SiriusXM Group in a research report on Thursday, March 9th. Citigroup dropped their price target on The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Finally, Benchmark dropped their price target on The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, March 7th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $59.00.

The Liberty SiriusXM Group Company Profile

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.