The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Berkshire Hathaway Inc Buys 219,303 Shares of Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc purchased 219,303 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following the acquisition, the insider now owns 35,182,219 shares in the company, valued at approximately $860,557,076.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, April 24th, Berkshire Hathaway Inc bought 123,388 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $25.22 per share, for a total transaction of $3,111,845.36.
• On Friday, April 12th, Berkshire Hathaway Inc purchased 413,227 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $25.58 per share, with a total value of $10,570,346.66.
• On Wednesday, April 10th, Berkshire Hathaway Inc purchased 513,104 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price of $25.96 per share, with a total value of $13,320,179.84.
• On Monday, April 8th, Berkshire Hathaway Inc purchased 938,896 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average price 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 acquired at an average price 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 acquired at an average price 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 acquired 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 acquired at an average price 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 acquired at an average price 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 stock was purchased at an average price of $29.86 per share, with a total value of $15,581,067.44.

The Liberty SiriusXM Group Stock Performance

Shares of The Liberty SiriusXM Group stock opened at $24.27 on Friday. The business has a fifty day simple moving average of $28.01 and a 200-day simple moving average of $27.94. The Liberty SiriusXM Group has a fifty-two week low of $22.24 and a fifty-two week 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 for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion during the quarter.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of The Liberty SiriusXM Group by 9.6% during the fourth quarter. Vanguard Group Inc. now owns 13,850,967 shares of the technology company’s stock worth $398,631,000 after purchasing an additional 1,208,124 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of The Liberty SiriusXM Group by 4.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,205,655 shares of the technology company’s stock worth $92,259,000 after purchasing an additional 135,472 shares during the period. Seizert Capital Partners LLC raised its position in shares of The Liberty SiriusXM Group by 11.8% during the third quarter. Seizert Capital Partners LLC now owns 2,165,962 shares of the technology company’s stock worth $55,145,000 after purchasing an additional 228,229 shares during the period. Norges Bank acquired a new stake in shares of The Liberty SiriusXM Group during the fourth quarter worth $60,012,000. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of The Liberty SiriusXM Group by 14.6% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,881,543 shares of the technology company’s stock worth $47,904,000 after purchasing an additional 239,744 shares during the period. 56.58% of the stock is owned by institutional investors and hedge funds.

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.