The Liberty SiriusXM Group (NASDAQ:LSXMA) Stake Raised by abrdn plc

abrdn plc grew its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) by 112.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,367 shares of the technology company’s stock after purchasing an additional 12,912 shares during the period. abrdn plc’s holdings in The Liberty SiriusXM Group were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in LSXMA. Equitable Trust Co. grew its position in The Liberty SiriusXM Group by 7.2% in the fourth quarter. Equitable Trust Co. now owns 16,517 shares of the technology company’s stock worth $475,000 after buying an additional 1,105 shares during the last quarter. swisspartners Advisors Ltd lifted its holdings in shares of The Liberty SiriusXM Group by 0.9% during the third quarter. swisspartners Advisors Ltd now owns 161,770 shares of the technology company’s stock valued at $3,769,000 after purchasing an additional 1,480 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of The Liberty SiriusXM Group by 14.8% in the 3rd quarter. Hsbc Holdings PLC now owns 14,318 shares of the technology company’s stock valued at $364,000 after purchasing an additional 1,845 shares during the period. Simplex Trading LLC raised its holdings in The Liberty SiriusXM Group by 4.8% during the 3rd quarter. Simplex Trading LLC now owns 41,614 shares of the technology company’s stock worth $1,059,000 after buying an additional 1,901 shares during the period. Finally, Brown Advisory Inc. lifted its stake in The Liberty SiriusXM Group by 6.6% during the third 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 in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

The Liberty SiriusXM Group Stock Up 5.3 %

NASDAQ:LSXMA opened at $25.61 on Tuesday. The stock’s 50-day moving average is $28.01 and its two-hundred day moving average is $27.99. The Liberty SiriusXM Group has a fifty-two week low of $22.01 and a fifty-two week high of $31.69.

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

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $28.00 in a research report on Wednesday, April 24th.

Insider Activity at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc purchased 1,250,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was acquired at an average price of $27.76 per share, with a total value of $34,700,000.00. Following the purchase, the insider now owns 66,736,288 shares in the company, valued at approximately $1,852,599,354.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders bought 6,321,691 shares of company stock valued at $176,608,626.

The Liberty SiriusXM Group 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.