Insider Buying: The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Purchases $7,937,394.39 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc purchased 311,637 shares of The Liberty SiriusXM Group stock in a transaction dated Monday, April 29th. The stock was acquired at an average price of $25.47 per share, for a total transaction of $7,937,394.39. Following the completion of the transaction, the insider now owns 70,002,897 shares in the company, valued at approximately $1,782,973,786.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major 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 Friday, April 26th, Berkshire Hathaway Inc acquired 219,303 shares of The Liberty SiriusXM Group stock. The stock was purchased 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 acquired 123,388 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $25.22 per share, for a total transaction of $3,111,845.36.
• On Friday, April 12th, Berkshire Hathaway Inc acquired 413,227 shares of The Liberty SiriusXM Group stock. The stock was purchased 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 stock was purchased at an average price of $25.96 per share, for a total transaction of $13,320,179.84.
• On Monday, April 8th, Berkshire Hathaway Inc acquired 938,896 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $26.98 per share, for a total transaction of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc acquired 1,250,000 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $27.76 per share, for a total transaction of $34,700,000.00.
• On Wednesday, March 27th, Berkshire Hathaway Inc acquired 189,759 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average price of $29.25 per share, for a total transaction of $5,550,450.75.
• On Monday, March 25th, Berkshire Hathaway Inc purchased 199,664 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $28.82 per share, for a total transaction of $5,754,316.48.
• On Thursday, March 21st, Berkshire Hathaway Inc purchased 333,916 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $28.92 per share, for a total transaction of $9,656,850.72.
• On Monday, March 11th, Berkshire Hathaway Inc purchased 20,609 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $29.94 per share, for a total transaction of $617,033.46.

The Liberty SiriusXM Group Stock Up 1.1 %

Shares of LSXMK opened at $25.05 on Friday. The firm’s 50 day moving average is $27.51 and its 200-day moving average is $27.89. The Liberty SiriusXM Group has a 12-month low of $22.24 and a 12-month high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $2.29 billion during the quarter. On average, research analysts anticipate that The Liberty SiriusXM Group will post 3.52 EPS for the current year.

Wall Street Analyst Weigh In

LSXMK has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. StockNews.com upgraded shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, The Liberty SiriusXM Group currently has an average rating of “Moderate Buy” and an average price target of $36.00.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Several hedge funds have recently made changes to their positions in LSXMK. Principal Securities Inc. acquired a new position in The Liberty SiriusXM Group in the 4th quarter valued at approximately $66,000. TFO Wealth Partners LLC increased its stake in The Liberty SiriusXM Group by 43,283.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock valued at $75,000 after buying an additional 2,597 shares during the period. Signaturefd LLC increased its stake in The Liberty SiriusXM Group by 52.9% in the 3rd quarter. Signaturefd LLC now owns 3,326 shares of the technology company’s stock valued at $85,000 after buying an additional 1,151 shares during the period. Headlands Technologies LLC increased its stake in The Liberty SiriusXM Group by 615.9% in the 4th 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 during the period. Finally, Equitec Proprietary Markets LLC acquired a new position in The Liberty SiriusXM Group in the 1st quarter valued at approximately $123,000. Institutional investors and hedge funds own 56.58% of the company’s stock.

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.