The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Buys $5,754,316.48 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc bought 199,664 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of $28.82 per share, with a total value of $5,754,316.48. Following the completion of the transaction, the insider now owns 57,886,716 shares of the company’s stock, valued at $1,668,295,155.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, March 21st, Berkshire Hathaway Inc bought 333,916 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $28.92 per share, with a total value of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc acquired 20,609 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $29.94 per share, with a total value of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc acquired 521,804 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $29.86 per share, with a total value of $15,581,067.44.
• On Wednesday, March 6th, Berkshire Hathaway Inc acquired 1,188,000 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $29.39 per share, with a total value of $34,915,320.00.
• On Monday, March 4th, Berkshire Hathaway Inc acquired 234,194 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $28.77 per share, with a total value of $6,737,761.38.
• On Thursday, February 1st, Berkshire Hathaway Inc acquired 175,827 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $30.70 per share, with a total value of $5,397,888.90.
• On Tuesday, January 30th, Berkshire Hathaway Inc acquired 495,739 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $30.12 per share, with a total value of $14,931,658.68.
• On Thursday, January 25th, Berkshire Hathaway Inc acquired 139,132 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $30.99 per share, with a total value of $4,311,700.68.
• On Tuesday, January 23rd, Berkshire Hathaway Inc bought 650,224 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $30.96 per share, with a total value of $20,130,935.04.
• On Tuesday, January 16th, Berkshire Hathaway Inc bought 543,977 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost of $30.43 per share, with a total value of $16,553,220.11.

The Liberty SiriusXM Group Stock Up 2.2 %

LSXMK opened at $29.52 on Thursday. The business has a 50 day simple moving average of $29.94 and a two-hundred day simple moving average of $27.60. The Liberty SiriusXM Group has a one year low of $22.24 and a one year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.29 billion for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of The Liberty SiriusXM Group by 9.6% in the 4th quarter. Vanguard Group Inc. now owns 13,850,967 shares of the technology company’s stock worth $398,631,000 after acquiring an additional 1,208,124 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of The Liberty SiriusXM Group by 30.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 71,900 shares of the technology company’s stock worth $2,069,000 after acquiring an additional 16,927 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of The Liberty SiriusXM Group by 14.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 631,413 shares of the technology company’s stock worth $18,172,000 after acquiring an additional 79,508 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of The Liberty SiriusXM Group in the 4th quarter worth approximately $1,848,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of The Liberty SiriusXM Group by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,541 shares of the technology company’s stock worth $2,175,000 after acquiring an additional 3,723 shares in the last quarter. Institutional investors own 56.58% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

About The Liberty SiriusXM Group

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.