The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Berkshire Hathaway Inc Purchases 513,104 Shares

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc acquired 513,104 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average price of $25.96 per share, with a total value of $13,320,179.84. Following the completion of the transaction, the insider now directly owns 68,423,017 shares in the company, valued at approximately $1,776,261,521.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 12th, Berkshire Hathaway Inc purchased 413,227 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $25.58 per share, with a total value of $10,570,346.66.
• On Monday, April 8th, Berkshire Hathaway Inc purchased 938,896 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $26.98 per share, with a total value of $25,331,414.08.
• On Thursday, April 4th, Berkshire Hathaway Inc purchased 1,250,000 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $27.76 per share, with a total value of $34,700,000.00.
• On Wednesday, March 27th, Berkshire Hathaway Inc purchased 189,759 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.25 per share, with a total value 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 purchased at an average cost 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 purchased 20,609 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.94 per share, with a total value of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc acquired 521,804 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $29.86 per share, for a total transaction of $15,581,067.44.
• On Wednesday, March 6th, Berkshire Hathaway Inc acquired 1,188,000 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $29.39 per share, for a total transaction of $34,915,320.00.
• On Monday, March 4th, Berkshire Hathaway Inc acquired 234,194 shares of The Liberty SiriusXM Group stock. The shares were bought at an average price of $28.77 per share, for a total transaction of $6,737,761.38.

The Liberty SiriusXM Group Trading Down 2.7 %

Shares of The Liberty SiriusXM Group stock opened at $25.42 on Friday. The Liberty SiriusXM Group has a 12-month low of $22.24 and a 12-month high of $31.67. The business’s 50 day moving average is $29.25 and its 200-day moving average is $27.94.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.29 billion during the quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. bought a new position in The Liberty SiriusXM Group during the 1st quarter worth $207,000. Citigroup Inc. increased its position in The Liberty SiriusXM Group by 22.7% during the 1st quarter. Citigroup Inc. now owns 94,617 shares of the technology company’s stock worth $4,327,000 after buying an additional 17,515 shares during the period. MetLife Investment Management LLC bought a new position in The Liberty SiriusXM Group during the 1st quarter worth $146,000. BlackRock Inc. increased its position in The Liberty SiriusXM Group by 0.5% during the 1st quarter. BlackRock Inc. now owns 10,572,200 shares of the technology company’s stock worth $483,466,000 after buying an additional 49,981 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in The Liberty SiriusXM Group by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 131,039 shares of the technology company’s stock worth $6,355,000 after buying an additional 378 shares during the period. 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.