The Liberty SiriusXM Group (NASDAQ:LSXMA) Receives $31.13 Consensus Price Target from Analysts

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.13.

Several research firms have issued reports on LSXMA. Citigroup lowered shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $28.00 in a research report on Wednesday, April 24th. Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Evercore ISI reissued an “in-line” rating and issued a $27.00 price objective (down previously from $36.00) on shares of The Liberty SiriusXM Group in a research note on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating on the stock in a research note on Monday, June 17th.

Insider Transactions at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc bought 219,303 shares of the stock in a transaction dated Friday, April 26th. The shares were purchased at an average price of $24.46 per share, with a total value of $5,364,151.38. Following the completion of the acquisition, the insider now 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 through this hyperlink. In other news, Chairman John C. Malone sold 139,065 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the transaction, the chairman now owns 2,401,365 shares of the company’s stock, valued at approximately $165,646,157.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Berkshire Hathaway Inc acquired 219,303 shares of the stock in a transaction dated Friday, April 26th. The shares were bought at an average price of $24.46 per share, with a total value of $5,364,151.38. Following the completion of the purchase, the insider now directly owns 35,182,219 shares of the company’s stock, valued at approximately $860,557,076.74. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,067,555 shares of company stock worth $26,983,738 and have sold 282,072 shares worth $17,749,275. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of The Liberty SiriusXM Group by 46.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock worth $273,449,000 after purchasing an additional 3,416,321 shares during the period. UBS Group AG increased its position in shares of The Liberty SiriusXM Group by 769.2% in the 4th quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock valued at $40,305,000 after purchasing an additional 1,241,057 shares during the last quarter. Boussard & Gavaudan Investment Management LLP purchased a new stake in The Liberty SiriusXM Group during the 4th quarter worth about $22,217,000. Norges Bank purchased a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at $16,397,000. Finally, Cadian Capital Management LP lifted its stake in The Liberty SiriusXM Group by 35.2% in the fourth quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock valued at $42,374,000 after buying an additional 384,000 shares during the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ LSXMA opened at $22.68 on Monday. The stock has a market cap of $7.41 billion and a PE ratio of 9.33. The Liberty SiriusXM Group has a 52-week low of $20.13 and a 52-week high of $31.69. The business has a fifty day moving average of $22.74 and a two-hundred day moving average of $26.77.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Analysts predict that The Liberty SiriusXM Group will post 2.49 earnings per share for the current year.

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.