The Liberty SiriusXM Group (NASDAQ:LSXMK) Receives $36.00 Consensus Price Target from Analysts

The Liberty SiriusXM Group (NASDAQ:LSXMK) has been given an average rating of “Moderate Buy” by the three analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $36.00.

Separately, Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th.

The Liberty SiriusXM Group Trading Down 2.5 %

LSXMK opened at $22.10 on Tuesday. The stock has a market capitalization of $7.22 billion and a P/E ratio of 9.09. The stock has a 50-day moving average price of $22.37 and a 200-day moving average price of $26.39. The Liberty SiriusXM Group has a 12-month low of $20.05 and a 12-month high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion.

Insider Buying and Selling at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc bought 219,303 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average cost 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 $860,557,076.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman John C. Malone sold 139,065 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $68.98, for a total value of $9,592,703.70. Following the sale, the chairman now directly owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 219,303 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average cost of $24.46 per share, with a total value of $5,364,151.38. Following the transaction, the insider now owns 35,182,219 shares in the company, valued at $860,557,076.74. The disclosure for this purchase can be found here. In the last quarter, insiders bought 654,328 shares of company stock valued at $16,413,391 and sold 282,072 shares valued at $17,749,275. 12.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. increased its position in shares of The Liberty SiriusXM Group by 100.5% during the 2nd quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after purchasing an additional 839 shares during the last quarter. Motco raised its position in The Liberty SiriusXM Group by 172,300.0% in the first quarter. Motco now owns 1,724 shares of the technology company’s stock worth $51,000 after acquiring an additional 1,723 shares during the period. Principal Securities Inc. purchased a new position in shares of The Liberty SiriusXM Group during the 4th quarter worth $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 valued at $68,000 after acquiring an additional 1,100 shares during the period. Finally, TFO Wealth Partners LLC lifted its position in 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 valued at $75,000 after purchasing an additional 2,597 shares in the last quarter. Institutional investors own 56.58% of the company’s stock.

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.