Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by Fmr LLC

Fmr LLC lifted its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 472.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 497,514 shares of the company’s stock after acquiring an additional 410,621 shares during the period. Fmr LLC owned approximately 0.15% of Sirius XM worth $11,766,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new stake in shares of Sirius XM in the second quarter worth $12,858,000. Dimensional Fund Advisors LP boosted its stake in shares of Sirius XM by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock valued at $12,260,000 after purchasing an additional 353,860 shares during the period. AQR Capital Management LLC boosted its stake in shares of Sirius XM by 14.5% in the second quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company’s stock valued at $10,807,000 after purchasing an additional 490,761 shares during the period. Sessa Capital IM L.P. purchased a new position in shares of Sirius XM in the third quarter valued at $77,983,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Sirius XM in the third quarter valued at $67,598,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SIRI. Benchmark restated a “buy” rating and issued a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upped their target price on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. StockNews.com assumed coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating for the company. Rosenblatt Securities increased their price objective on shares of Sirius XM from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Bank of America reiterated an “underperform” rating and set a $23.00 price objective on shares of Sirius XM in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.04.

Sirius XM Stock Up 1.1 %

Sirius XM stock opened at $25.51 on Thursday. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of -3.90 and a beta of 1.03. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $26.25 and its two-hundred day moving average price is $28.63. Sirius XM Holdings Inc. has a 52 week low of $22.18 and a 52 week high of $57.80.

Sirius XM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.27 per share. This is a boost from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, November 5th. This represents a $1.08 annualized dividend and a yield of 4.23%. Sirius XM’s dividend payout ratio (DPR) is presently -17.03%.

Insider Buying and Selling at Sirius XM

In other Sirius XM news, major shareholder Berkshire Hathaway Inc acquired 175,569 shares of the stock in a transaction dated Friday, October 18th. The shares were bought at an average price of $27.43 per share, with a total value of $4,815,857.67. Following the purchase, the insider now directly owns 110,276,790 shares of the company’s stock, valued at approximately $3,024,892,349.70. This trade represents a 0.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have purchased 2,646,761 shares of company stock valued at $65,952,329. Company insiders own 0.79% of the company’s stock.

Sirius XM Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.