Analysts Set The Liberty SiriusXM Group (NASDAQ:LSXMA) Target Price at $37.67

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) have been given an average rating of “Moderate Buy” by the four research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $37.67.

A number of research firms recently weighed in on LSXMA. Citigroup cut The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $28.00 in a report on Wednesday, April 24th. Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th.

The Liberty SiriusXM Group Price Performance

NASDAQ:LSXMA opened at $22.16 on Friday. The company’s fifty day moving average price is $26.13 and its 200-day moving average price is $27.88. The Liberty SiriusXM Group has a 1-year low of $22.01 and a 1-year high of $31.69. The firm has a market capitalization of $7.24 billion and a P/E ratio of 9.12.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter. The company had revenue of $2.29 billion during the quarter. Equities analysts anticipate that The Liberty SiriusXM Group will post 3.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc purchased 219,303 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were bought at an average cost of $24.46 per share, for a total transaction 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 $860,557,076.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc acquired 219,303 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $24.46 per share, for a total transaction 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 approximately $860,557,076.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 139,065 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the sale, the chairman now owns 2,401,365 shares in the company, valued at $165,646,157.70. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 6,457,501 shares of company stock valued at $179,148,132 and sold 229,103 shares valued at $15,940,449. 12.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in The Liberty SiriusXM Group by 12.7% during the first quarter. Vanguard Group Inc. now owns 12,262,936 shares of the technology company’s stock worth $364,209,000 after purchasing an additional 1,386,685 shares during the last quarter. Aristeia Capital LLC grew its position in shares of The Liberty SiriusXM Group by 5.0% in the 3rd quarter. Aristeia Capital LLC now owns 3,314,144 shares of the technology company’s stock valued at $84,345,000 after buying an additional 157,677 shares during the last quarter. Point72 Asset Management L.P. raised its stake in The Liberty SiriusXM Group by 7.8% during the 4th quarter. Point72 Asset Management L.P. now owns 2,620,134 shares of the technology company’s stock worth $75,303,000 after acquiring an additional 190,608 shares in the last quarter. Cadian Capital Management LP lifted its position 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 acquiring an additional 384,000 shares during the last quarter. Finally, UBS Group AG boosted its stake in The Liberty SiriusXM Group by 769.2% in the fourth quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock valued at $40,305,000 after acquiring an additional 1,241,057 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.