The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) was upgraded by research analysts at Seaport Res Ptn from a "neutral" rating to a "buy" rating in a report released on Monday, Zacks.com reports. Seaport Res Ptn also issued estimates for The Liberty SiriusXM Group's Q1 2024 earnings at $0.76 EPS, Q2 2024 earnings at $0.86 EPS, Q3 2024 earnings at $0.99 EPS, Q4 2024 earnings at $0.90 EPS and FY2024 earnings at $3.52 EPS.
Separately, StockNews.com raised shares of The Liberty SiriusXM Group from a "sell" rating to a "hold" rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.00.
Get Our Latest Analysis on The Liberty SiriusXM Group
The Liberty SiriusXM Group Stock Up 0.6 %
NASDAQ LSXMK traded up $0.14 during trading on Monday, reaching $24.78. 1,449,706 shares of the stock traded hands, compared to its average volume of 2,265,301. The Liberty SiriusXM Group has a fifty-two week low of $22.24 and a fifty-two week high of $31.67. The stock's 50-day moving average price is $27.61 and its 200 day moving average price is $27.90.
The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $2.29 billion for the quarter.
Insider Buying and Selling
In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 1,188,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $29.39 per share, for a total transaction of $34,915,320.00. Following the completion of the purchase, the insider now owns 50,682,902 shares of the company's stock, valued at approximately $1,489,570,489.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 6,457,501 shares of company stock valued at $179,148,132. Insiders own 12.47% of the company's stock.
Institutional Investors Weigh In On The Liberty SiriusXM Group
Several institutional investors and hedge funds have recently bought and sold shares of the company. Readystate Asset Management LP acquired a new position in shares of The Liberty SiriusXM Group during the 4th quarter worth $1,848,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of The Liberty SiriusXM Group by 22.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 105,107 shares of the technology company's stock worth $2,676,000 after buying an additional 19,419 shares in the last quarter. Hsbc Holdings PLC boosted its stake in The Liberty SiriusXM Group by 214.0% during the 3rd quarter. Hsbc Holdings PLC now owns 179,449 shares of the technology company's stock valued at $4,569,000 after purchasing an additional 122,291 shares during the last quarter. Strs Ohio purchased a new stake in shares of The Liberty SiriusXM Group during the fourth quarter worth $1,668,000. Finally, Qube Research & Technologies Ltd lifted its holdings in The Liberty SiriusXM Group by 1,181.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 158,935 shares of the technology company's stock worth $4,046,000 after buying an additional 146,531 shares during the period. Institutional investors own 56.58% of the company's stock.
The Liberty SiriusXM Group Company Profile
(
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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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