Berkshire Hathaway Inc Acquires 123,388 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMA) major shareholder Berkshire Hathaway Inc acquired 123,388 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $25.22 per share, with a total value of $3,111,845.36. Following the transaction, the insider now directly owns 34,805,607 shares in the company, valued at approximately $877,797,408.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, April 26th, Berkshire Hathaway Inc purchased 219,303 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $24.46 per share, with a total value of $5,364,151.38.
• On Friday, April 12th, Berkshire Hathaway Inc purchased 413,227 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $25.58 per share, with a total value of $10,570,346.66.
• On Wednesday, April 10th, Berkshire Hathaway Inc purchased 513,104 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $26.98 per share, with a total value of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $27.76 per share, with a total value of $34,700,000.00.
• On Wednesday, March 27th, Berkshire Hathaway Inc purchased 189,759 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost 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 purchased at an average cost of $28.82 per share, with a total value of $5,754,316.48.
• On Thursday, March 21st, Berkshire Hathaway Inc acquired 333,916 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $28.92 per share, for a total transaction of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc acquired 20,609 shares of The Liberty SiriusXM Group stock. The stock was 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 stock was bought at an average price of $29.86 per share, for a total transaction of $15,581,067.44.

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMA opened at $24.31 on Friday. The Liberty SiriusXM Group has a one year low of $22.01 and a one year high of $31.69. The stock’s 50 day simple moving average is $28.10 and its 200 day simple moving average is $27.98.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The business had revenue of $2.29 billion for the quarter. As a group, equities research analysts forecast that The Liberty SiriusXM Group will post 1.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $28.00 in a research note on Wednesday.

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of large investors have recently bought and sold shares of LSXMA. DAVENPORT & Co LLC grew its position in The Liberty SiriusXM Group by 1.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 71,865 shares of the technology company’s stock worth $1,829,000 after acquiring an additional 1,115 shares during the last quarter. Commonwealth Equity Services LLC grew its position in The Liberty SiriusXM Group by 28.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,054 shares of the technology company’s stock worth $1,019,000 after acquiring an additional 8,988 shares during the last quarter. Brown Advisory Inc. boosted its position in The Liberty SiriusXM Group by 6.6% in the 3rd quarter. Brown Advisory Inc. now owns 33,080 shares of the technology company’s stock valued at $842,000 after buying an additional 2,060 shares during the last quarter. Simplex Trading LLC boosted its position in The Liberty SiriusXM Group by 4.8% in the 3rd quarter. Simplex Trading LLC now owns 41,614 shares of the technology company’s stock valued at $1,059,000 after buying an additional 1,901 shares during the last quarter. Finally, swisspartners Advisors Ltd boosted its position in The Liberty SiriusXM Group by 0.9% in the 3rd quarter. swisspartners Advisors Ltd now owns 161,770 shares of the technology company’s stock valued at $3,769,000 after buying an additional 1,480 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Company 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.