The Liberty SiriusXM Group (NASDAQ:LSXMK) Receives $36.00 Average Target Price from Brokerages

The Liberty SiriusXM Group (NASDAQ:LSXMK) has been given an average rating of “Moderate Buy” by the three research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $36.00.

LSXMK has been the topic of several research analyst reports. StockNews.com raised shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th.

The Liberty SiriusXM Group Stock Up 1.8 %

LSXMK stock opened at $25.50 on Thursday. The stock has a 50-day simple moving average of $27.42 and a two-hundred day simple moving average of $27.92. The Liberty SiriusXM Group has a twelve month low of $22.24 and a twelve month high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion for the quarter. As a group, equities analysts predict that The Liberty SiriusXM Group will post 3.52 EPS for the current fiscal year.

Insider Activity

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 on Wednesday, March 6th. The shares were purchased at an average cost of $29.39 per share, with a total value 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 SEC, which can be accessed through this link. In the last three months, insiders have bought 6,457,501 shares of company stock worth $179,148,132.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in The Liberty SiriusXM Group by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock valued at $1,376,000 after buying an additional 421 shares during the last quarter. Atlas Capital Advisors LLC raised its stake in shares of The Liberty SiriusXM Group by 5.2% during the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock valued at $260,000 after acquiring an additional 435 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of The Liberty SiriusXM Group by 5.5% during the third quarter. Principal Financial Group Inc. now owns 12,085 shares of the technology company’s stock worth $308,000 after purchasing an additional 628 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of The Liberty SiriusXM Group by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock worth $1,960,000 after purchasing an additional 660 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in The Liberty SiriusXM Group by 8.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,709 shares of the technology company’s stock valued at $222,000 after purchasing an additional 700 shares during the period. 56.58% of the stock is owned by institutional investors.

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.