The Liberty SiriusXM Group (NASDAQ:LSXMA) Receives $39.00 Consensus Price Target from Analysts

The Liberty SiriusXM Group (NASDAQ:LSXMA) has been given an average rating of “Moderate Buy” by the three brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $37.67.

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

The Liberty SiriusXM Group Stock Down 0.9 %

LSXMA opened at $24.31 on Wednesday. The Liberty SiriusXM Group has a 52-week low of $22.01 and a 52-week high of $31.69. The firm’s fifty day simple moving average is $28.10 and its two-hundred day simple moving average is $27.96.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The business had revenue of $2.29 billion during the quarter. Equities research analysts expect that The Liberty SiriusXM Group will post 1.41 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc bought 219,303 shares of The Liberty SiriusXM Group stock in a transaction on Friday, April 26th. The shares were bought at an average cost of $24.46 per share, with a total value of $5,364,151.38. Following the completion of the purchase, the insider now directly owns 35,182,219 shares of the company’s stock, valued at $860,557,076.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 6,817,430 shares of company stock valued at $191,540,285 over the last ninety days. Company insiders own 12.47% of the company’s stock.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Institutional investors have recently bought and sold shares of the company. Segantii Capital Management Ltd purchased a new stake in shares of The Liberty SiriusXM Group in the 3rd quarter valued at approximately $19,088,000. Vanguard Group Inc. raised its stake in shares of The Liberty SiriusXM Group by 46.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock valued at $273,449,000 after acquiring an additional 3,416,321 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of The Liberty SiriusXM Group in the 3rd quarter valued at approximately $4,925,000. Alpine Global Management LLC raised its stake in shares of The Liberty SiriusXM Group by 10.7% in the 3rd quarter. Alpine Global Management LLC now owns 235,065 shares of the technology company’s stock valued at $5,982,000 after acquiring an additional 22,725 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of The Liberty SiriusXM Group by 55,885.2% in the 3rd quarter. Lazard Asset Management LLC now owns 15,116 shares of the technology company’s stock valued at $384,000 after acquiring an additional 15,089 shares during the period. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.