Berkshire Hathaway Inc Acquires 219,303 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc acquired 219,303 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following 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 legal filing with the SEC, which is available at this link. 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 Wednesday, April 24th, Berkshire Hathaway Inc acquired 123,388 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $25.22 per share, for a total transaction of $3,111,845.36.
• On Friday, April 12th, Berkshire Hathaway Inc acquired 413,227 shares of The Liberty SiriusXM Group stock. The shares were acquired 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 bought 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 bought 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 bought 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 bought 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 acquired 199,664 shares of The Liberty SiriusXM Group stock. The shares were bought 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 shares were bought 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 acquired 20,609 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $29.94 per share, with a total value of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc acquired 521,804 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $29.86 per share, with a total value of $15,581,067.44.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ LSXMK opened at $24.27 on Friday. The firm has a 50 day moving average of $28.01 and a 200 day moving average of $27.95. The Liberty SiriusXM Group has a 12-month low of $22.24 and a 12-month high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $2.29 billion for the quarter.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of hedge funds have recently modified their holdings of LSXMK. DAVENPORT & Co LLC boosted its position in shares of The Liberty SiriusXM Group by 7.0% in the third quarter. DAVENPORT & Co LLC now owns 25,968 shares of the technology company’s stock worth $661,000 after purchasing an additional 1,700 shares during the period. Penn Davis Mcfarland Inc. boosted its position in shares of 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 worth $18,826,000 after purchasing an additional 308,085 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of 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 purchasing an additional 27,400 shares during the period. New South Capital Management Inc. boosted its position in shares of The Liberty SiriusXM Group by 95.4% in the third quarter. New South Capital Management Inc. now owns 951,834 shares of the technology company’s stock worth $24,234,000 after purchasing an additional 464,735 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of The Liberty SiriusXM Group by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 719,709 shares of the technology company’s stock worth $18,324,000 after purchasing an additional 21,150 shares during the period. 56.58% of the stock is currently owned by 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.