Brokerages Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $31.25

Sirius XM Holdings Inc. (NASDAQ:SIRI) has received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.25.

A number of analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Sirius XM from $32.50 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, September 17th. JPMorgan Chase & Co. started coverage on shares of Sirius XM in a report on Wednesday, October 9th. They issued an “underweight” rating and a $20.00 price target on the stock. Guggenheim raised Sirius XM from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, September 18th. Barrington Research restated an “outperform” rating and issued a $47.50 target price on shares of Sirius XM in a research note on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Sirius XM from $37.50 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th.

Insider Buying and Selling

In other Sirius XM news, insider Scott Andrew Greenstein sold 144,723 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $31.60, for a total value of $4,573,246.80. Following the transaction, the insider now directly owns 98,933 shares in the company, valued at $3,126,282.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Scott Andrew Greenstein sold 144,723 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $31.60, for a total transaction of $4,573,246.80. Following the sale, the insider now owns 98,933 shares in the company, valued at approximately $3,126,282.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were bought at an average cost of $24.95 per share, with a total value of $31,418,512.05. Following the completion of the acquisition, the insider now directly owns 108,719,088 shares in the company, valued at $2,712,541,245.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sirius XM

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Sirius XM by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 54,682,133 shares of the company’s stock worth $299,111,000 after buying an additional 363,551 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Sirius XM during the 2nd quarter valued at $12,858,000. Dimensional Fund Advisors LP raised its position in Sirius XM by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock worth $12,260,000 after purchasing an additional 353,860 shares during the period. AQR Capital Management LLC lifted its stake in Sirius XM by 14.5% in the second quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company’s stock worth $10,807,000 after purchasing an additional 490,761 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Sirius XM by 25.8% in the first quarter. ProShare Advisors LLC now owns 3,747,881 shares of the company’s stock worth $14,542,000 after purchasing an additional 768,570 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Up 0.1 %

Sirius XM stock opened at $27.10 on Tuesday. The stock has a market cap of $104.24 billion, a P/E ratio of 82.12, a P/E/G ratio of 0.73 and a beta of 1.07. The company’s 50 day moving average price is $27.35 and its two-hundred day moving average price is $29.95. Sirius XM has a 52 week low of $22.18 and a 52 week high of $57.80.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Sirius XM had a negative return on equity of 52.15% and a net margin of 14.56%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. On average, equities analysts anticipate that Sirius XM will post 3.25 EPS for the current year.

Sirius XM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were given a dividend of $0.266 per share. This is a positive change from Sirius XM’s previous quarterly dividend of $0.03. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, August 9th. Sirius XM’s payout ratio is 321.21%.

About Sirius XM

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.