Insider Selling: The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Sells $1,802,148.66 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) major shareholder Berkshire Hathaway Inc sold 52,911 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the transaction, the insider now owns 4,999,007 shares of the company’s stock, valued at $170,266,178.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

  • On Monday, April 29th, Berkshire Hathaway Inc purchased 311,637 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $25.47 per share, with a total value of $7,937,394.39.
  • On Friday, April 26th, Berkshire Hathaway Inc acquired 219,303 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price of $24.46 per share, for a total transaction of $5,364,151.38.
  • On Wednesday, April 24th, Berkshire Hathaway Inc bought 123,388 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $25.22 per share, with a total value of $3,111,845.36.
  • On Friday, April 12th, Berkshire Hathaway Inc purchased 413,227 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average price of $25.58 per share, for a total transaction of $10,570,346.66.
  • On Wednesday, April 10th, Berkshire Hathaway Inc acquired 513,104 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $25.96 per share, with a total value of $13,320,179.84.
  • On Monday, April 8th, Berkshire Hathaway Inc bought 938,896 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $26.98 per share, for a total transaction of $25,331,414.08.
  • On Thursday, April 4th, Berkshire Hathaway Inc purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $27.76 per share, with a total value of $34,700,000.00.
  • On Wednesday, March 27th, Berkshire Hathaway Inc purchased 189,759 shares of The Liberty SiriusXM Group stock. The shares were bought at an average cost of $29.25 per share, for a total transaction of $5,550,450.75.
  • On Monday, March 25th, Berkshire Hathaway Inc acquired 199,664 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $28.82 per share, with a total value of $5,754,316.48.
  • On Thursday, March 21st, Berkshire Hathaway Inc bought 333,916 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average price of $28.92 per share, for a total transaction of $9,656,850.72.

The Liberty SiriusXM Group Price Performance

Shares of The Liberty SiriusXM Group stock opened at $21.34 on Thursday. The business has a fifty day simple moving average of $23.43 and a two-hundred day simple moving average of $27.23. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67. The company has a market capitalization of $6.97 billion and a price-to-earnings ratio of 8.78.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Free Report) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion.

Wall Street Analyst Weigh In

LSXMK has been the subject of a number of analyst reports. StockNews.com raised shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

View Our Latest Stock Analysis on The Liberty SiriusXM Group

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of institutional investors have recently made changes to their positions in the company. Motco boosted its position in shares of The Liberty SiriusXM Group by 172,300.0% in the first quarter. Motco now owns 1,724 shares of the technology company’s stock valued at $51,000 after acquiring an additional 1,723 shares during the period. Principal Securities Inc. bought a new stake in The Liberty SiriusXM Group in the 4th quarter valued at about $66,000. UniSuper Management Pty Ltd grew its position in shares of The Liberty SiriusXM Group by 91.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,100 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of The Liberty SiriusXM Group by 43,283.3% during the fourth quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock worth $75,000 after purchasing an additional 2,597 shares during the period. Finally, Headlands Technologies LLC raised its position in shares of The Liberty SiriusXM Group by 615.9% in the fourth quarter. Headlands Technologies LLC now owns 3,379 shares of the technology company’s stock valued at $97,000 after buying an additional 2,907 shares in the last quarter. Institutional investors own 56.58% of the company’s stock.

The Liberty SiriusXM Group Company Profile

(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.

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Insider Buying and Selling by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMK)

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