Brokerages Set The Liberty SiriusXM Group (NASDAQ:LSXMK) Target Price at $36.00

The Liberty SiriusXM Group (NASDAQ:LSXMK) has been given an average rating of “Moderate Buy” by the three analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $36.00.

A number of brokerages have recently issued reports on LSXMK. StockNews.com upgraded shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th.

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMK opened at $25.05 on Thursday. The Liberty SiriusXM Group has a one year low of $22.24 and a one year high of $31.67. The firm’s fifty day moving average is $27.51 and its two-hundred day moving average is $27.91.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings data 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 firm had revenue of $2.29 billion during the quarter. As a group, research analysts expect that The Liberty SiriusXM Group will post 3.52 earnings per share for the current year.

Insiders Place Their Bets

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 219,303 shares of the stock in a transaction dated 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 completion of the transaction, 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 SEC, which is available at this link. Over the last three months, insiders have purchased 6,457,501 shares of company stock worth $179,148,132. 12.47% of the stock is owned by company insiders.

Institutional Trading of The Liberty SiriusXM Group

Several large investors have recently modified their holdings of LSXMK. Fjarde AP Fonden Fourth Swedish National Pension Fund grew 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 valued at $3,812,000 after purchasing an additional 27,400 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 buying an additional 21,150 shares during the period. Clear Harbor Asset Management LLC purchased a new position in shares of The Liberty SiriusXM Group during the third quarter valued at approximately $831,000. Levin Capital Strategies L.P. purchased a new position in shares of The Liberty SiriusXM Group during the third quarter valued at approximately $255,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of The Liberty SiriusXM Group by 729.4% during the third quarter. Teacher Retirement System of Texas now owns 239,407 shares of the technology company’s stock valued at $6,095,000 after buying an additional 210,541 shares during the period. 56.58% of the stock is currently owned by institutional investors and hedge funds.

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.