Berkshire Hathaway Inc Acquires 311,637 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) Stock

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The Liberty SiriusXM Group (NASDAQ:LSXMA - Get Free Report) major shareholder Berkshire Hathaway Inc purchased 311,637 shares of the stock in a transaction on 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 purchase, the insider now directly 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 Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

On Friday, April 26th, Berkshire Hathaway Inc bought 219,303 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost 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 shares were bought 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 bought 413,227 shares of The Liberty SiriusXM Group stock. The shares were 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 shares were 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 acquired 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 bought 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $27.76 per share, for a total transaction of $34,700,000.00.
On Wednesday, March 27th, Berkshire Hathaway Inc purchased 189,759 shares of The Liberty SiriusXM Group stock. The stock was bought 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 acquired 199,664 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average price of $28.82 per share, with a total value 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 purchased at an average cost 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 shares were purchased at an average price of $29.94 per share, for a total transaction of $617,033.46.

The Liberty SiriusXM Group Stock Performance

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Shares of LSXMA traded up $0.57 during trading hours on Wednesday, hitting $24.63. 1,534,718 shares of the company were exchanged, compared to its average volume of 1,645,599. The Liberty SiriusXM Group has a fifty-two week low of $22.01 and a fifty-two week high of $31.69. The firm's fifty day moving average is $27.89 and its 200 day moving average is $27.98.

The Liberty SiriusXM Group (NASDAQ:LSXMA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $2.29 billion for the quarter. Sell-side analysts expect that The Liberty SiriusXM Group will post 1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LSXMA. Segantii Capital Management Ltd acquired a new position in shares of The Liberty SiriusXM Group during the 3rd quarter worth $19,088,000. Vanguard Group Inc. boosted its stake in shares of The Liberty SiriusXM Group by 46.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company's stock valued at $273,449,000 after purchasing an additional 3,416,321 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of The Liberty SiriusXM Group during the 3rd quarter valued at approximately $4,925,000. Alpine Global Management LLC increased its position in The Liberty SiriusXM Group by 10.7% during the 3rd quarter. Alpine Global Management LLC now owns 235,065 shares of the technology company's stock worth $5,982,000 after purchasing an additional 22,725 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in The Liberty SiriusXM Group by 55,885.2% in the 3rd quarter. Lazard Asset Management LLC now owns 15,116 shares of the technology company's stock valued at $384,000 after purchasing an additional 15,089 shares during the last quarter. 28.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of The Liberty SiriusXM Group from a "buy" rating to a "neutral" rating and decreased their price target for the company from $35.00 to $28.00 in a research note on Wednesday, April 24th.

Read Our Latest Analysis on LSXMA

About The Liberty SiriusXM Group

(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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