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

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc bought 123,388 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were acquired at an average price 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 of the company’s stock, valued at $877,797,408.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 26th, Berkshire Hathaway Inc bought 219,303 shares of The Liberty SiriusXM Group stock. The shares were bought 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 bought at an average cost of $25.58 per share, for a total transaction of $10,570,346.66.
• On Wednesday, April 10th, Berkshire Hathaway Inc acquired 513,104 shares of The Liberty SiriusXM Group stock. The stock was bought 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 bought 938,896 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $26.98 per share, for a total transaction of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc acquired 1,250,000 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $27.76 per share, for a total transaction of $34,700,000.00.
• On Wednesday, March 27th, Berkshire Hathaway Inc bought 189,759 shares of The Liberty SiriusXM Group stock. The shares were 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 shares were purchased at an average price of $28.82 per share, for a total transaction 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 acquired at an average cost of $28.92 per share, with a total value of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc purchased 20,609 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price of $29.94 per share, with a total value of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc purchased 521,804 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average cost of $29.86 per share, with a total value of $15,581,067.44.

The Liberty SiriusXM Group Price Performance

LSXMK stock opened at $24.27 on Friday. The Liberty SiriusXM Group has a one year low of $22.24 and a one year high of $31.67. The firm has a 50-day simple moving average of $28.01 and a two-hundred day simple moving average of $27.95.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th.

Institutional Trading of The Liberty SiriusXM Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. DAVENPORT & Co LLC grew its stake in The Liberty SiriusXM Group by 7.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 25,968 shares of the technology company’s stock worth $661,000 after buying an additional 1,700 shares during the last quarter. Penn Davis Mcfarland Inc. raised its stake in The Liberty SiriusXM Group by 71.4% in the third quarter. Penn Davis Mcfarland Inc. now owns 739,418 shares of the technology company’s stock valued at $18,826,000 after buying an additional 308,085 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in The Liberty SiriusXM Group by 22.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 149,724 shares of the technology company’s stock worth $3,812,000 after acquiring an additional 27,400 shares in the last quarter. New South Capital Management Inc. increased its holdings in shares of The Liberty SiriusXM Group by 95.4% during the third quarter. New South Capital Management Inc. now owns 951,834 shares of the technology company’s stock valued at $24,234,000 after acquiring an additional 464,735 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of The Liberty SiriusXM Group by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 719,709 shares of the technology company’s stock valued at $18,324,000 after acquiring an additional 21,150 shares in the last quarter. Hedge funds and other institutional investors own 56.58% of the company’s stock.

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.