Deutsche Bank Aktiengesellschaft Trims The Liberty SiriusXM Group (NASDAQ:LSXMA) Target Price to $31.50

The Liberty SiriusXM Group (NASDAQ:LSXMAFree Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from $34.00 to $31.50 in a report published on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the technology company’s stock.

A number of other research firms have also recently commented on LSXMA. Seaport Res Ptn raised The Liberty SiriusXM Group from a neutral rating to a buy rating in a research note on Monday, April 29th. Citigroup cut 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 note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $32.50.

Check Out Our Latest Stock Analysis on LSXMA

The Liberty SiriusXM Group Trading Up 2.3 %

Shares of LSXMA opened at $21.40 on Monday. The Liberty SiriusXM Group has a 1-year low of $20.13 and a 1-year high of $31.69. The firm’s 50-day moving average price is $23.50 and its 200-day moving average price is $27.28. The firm has a market capitalization of $6.99 billion and a price-to-earnings ratio of 8.81.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. On average, research analysts forecast that The Liberty SiriusXM Group will post 2.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc bought 189,759 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average price of $29.25 per share, for a total transaction of $5,550,450.75. Following the completion of the transaction, the insider now owns 32,755,466 shares of the company’s stock, valued at approximately $958,097,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Berkshire Hathaway Inc purchased 189,759 shares of The Liberty SiriusXM Group stock in a transaction on Wednesday, March 27th. The shares were bought at an average cost of $29.25 per share, for a total transaction of $5,550,450.75. Following the acquisition, the insider now owns 32,755,466 shares in the company, valued at approximately $958,097,380.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John C. Malone sold 139,065 shares of the business’s stock in a transaction 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 completion of the sale, the chairman now owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The disclosure for this sale can be found here. In the last quarter, insiders acquired 4,158,978 shares of company stock worth $111,640,099 and sold 282,072 shares worth $17,749,275. 0.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Liberty SiriusXM Group

Large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new stake in The Liberty SiriusXM Group during the first quarter worth approximately $29,000. TFO Wealth Partners LLC increased its position in shares of The Liberty SiriusXM Group by 70,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,403 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of The Liberty SiriusXM Group during the 1st quarter valued at approximately $94,000. Headlands Technologies LLC raised its holdings in The Liberty SiriusXM Group by 548.7% during the 1st quarter. Headlands Technologies LLC now owns 5,138 shares of the technology company’s stock valued at $153,000 after buying an additional 4,346 shares during the period. Finally, Meixler Investment Management Ltd. purchased a new position in The Liberty SiriusXM Group during the first quarter worth $223,000. Institutional investors own 28.72% of the company’s stock.

About The Liberty SiriusXM Group

(Get Free Report)

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.

Read More

Receive News & Ratings for The Liberty SiriusXM Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Liberty SiriusXM Group and related companies with MarketBeat.com's FREE daily email newsletter.