Analysts Set The Liberty SiriusXM Group (NASDAQ:LSXMA) Price Target at $39.00

Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) have earned a consensus rating of “Moderate Buy” from the three research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $37.67.

Separately, Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $35.00 to $28.00 in a research report on Wednesday.

Insider Transactions at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc bought 219,303 shares of The Liberty SiriusXM Group stock in a transaction dated Friday, April 26th. The shares were purchased at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following the acquisition, the insider now directly owns 35,182,219 shares in the company, valued at approximately $860,557,076.74. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 6,817,430 shares of company stock worth $191,540,285 in the last three months. Insiders own 12.47% of the company’s stock.

Hedge Funds Weigh In On The Liberty SiriusXM Group

A number of large investors have recently made changes to their positions in the company. Segantii Capital Management Ltd purchased a new stake in The Liberty SiriusXM Group in the 3rd quarter valued at about $19,088,000. Vanguard Group Inc. boosted its position in 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 buying an additional 3,416,321 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in The Liberty SiriusXM Group in the 3rd quarter valued at about $4,925,000. Alpine Global Management LLC boosted its position in The Liberty SiriusXM Group by 10.7% in the 3rd quarter. Alpine Global Management LLC now owns 235,065 shares of the technology company’s stock valued at $5,982,000 after buying an additional 22,725 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of 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 in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Trading Down 0.9 %

NASDAQ:LSXMA opened at $24.31 on Wednesday. The company’s 50 day moving average price is $28.10 and its 200-day moving average price is $27.96. The Liberty SiriusXM Group has a 52 week low of $22.01 and a 52 week high of $31.69.

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

About The Liberty SiriusXM Group

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.