Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by Drive Wealth Management LLC

Drive Wealth Management LLC raised its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) by 24.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,210 shares of the company’s stock after acquiring an additional 3,739 shares during the quarter. Drive Wealth Management LLC’s holdings in Sirius XM were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in Sirius XM by 482.9% during the third quarter. AQR Capital Management LLC now owns 14,641,104 shares of the company’s stock valued at $66,178,000 after buying an additional 12,129,166 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in Sirius XM during the third quarter valued at approximately $43,768,000. New York State Common Retirement Fund grew its holdings in Sirius XM by 169.6% during the third quarter. New York State Common Retirement Fund now owns 10,303,486 shares of the company’s stock valued at $46,572,000 after purchasing an additional 6,482,109 shares during the last quarter. Norges Bank acquired a new position in Sirius XM during the fourth quarter valued at approximately $31,127,000. Finally, State Street Corp grew its holdings in Sirius XM by 18.1% during the second quarter. State Street Corp now owns 28,762,745 shares of the company’s stock valued at $130,295,000 after purchasing an additional 4,411,282 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Guggenheim started coverage on Sirius XM in a research report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price objective for the company. StockNews.com began coverage on Sirius XM in a report on Thursday, March 28th. They set a “hold” rating for the company. Benchmark lowered their target price on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Wells Fargo & Company lowered their target price on Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research note on Monday. Finally, Citigroup raised their target price on Sirius XM from $3.60 to $4.10 and gave the company a “sell” rating in a research note on Friday, January 12th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Sirius XM presently has a consensus rating of “Hold” and a consensus price target of $4.70.

Check Out Our Latest Stock Report on SIRI

Insider Buying and Selling at Sirius XM

In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total value of $527,293.90. Following the sale, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the sale, the director now owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total value of $527,293.90. Following the transaction, the insider now directly owns 746,816 shares in the company, valued at approximately $3,659,398.40. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Sirius XM Price Performance

NASDAQ:SIRI opened at $3.69 on Wednesday. Sirius XM Holdings Inc. has a fifty-two week low of $3.32 and a fifty-two week high of $7.95. The stock has a market capitalization of $14.18 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. The business’s 50-day simple moving average is $4.55 and its 200-day simple moving average is $4.73.

Sirius XM (NASDAQ:SIRIGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.30 billion. On average, research analysts expect that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.0266 dividend. This represents a $0.11 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 8th. Sirius XM’s payout ratio is 34.38%.

Sirius XM Company Profile

(Free Report)

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.

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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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