The Liberty SiriusXM Group (NASDAQ:LSXMK) Major Shareholder Berkshire Hathaway Inc Purchases 311,637 Shares of Stock

The Liberty SiriusXM Group (NASDAQ:LSXMK) major shareholder Berkshire Hathaway Inc bought 311,637 shares of the stock in a transaction on Monday, April 29th. The shares were acquired at an average cost of $25.47 per share, with a total value of $7,937,394.39. Following the purchase, the insider now owns 70,002,897 shares of the company’s stock, valued at approximately $1,782,973,786.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 Friday, April 26th, Berkshire Hathaway Inc bought 219,303 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $24.46 per share, with a total value of $5,364,151.38.
• 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, with a total value 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 purchased at an average price of $25.58 per share, for a total transaction 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 purchased at an average price of $25.96 per share, for a total transaction 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 purchased at an average price of $26.98 per share, for a total transaction 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 price of $27.76 per share, for a total transaction 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 price of $29.25 per share, for a total transaction 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 price of $28.82 per share, for a total transaction 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 price of $28.92 per share, for a total transaction 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 price of $29.94 per share, for a total transaction of $617,033.46.

The Liberty SiriusXM Group Trading Up 2.4 %

Shares of LSXMK stock opened at $24.64 on Thursday. The business’s 50 day simple moving average is $27.71 and its 200 day simple moving average is $27.92. The Liberty SiriusXM Group has a one year low of $22.24 and a one year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its earnings results 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 company had revenue of $2.29 billion during the quarter.

Hedge Funds Weigh In On The Liberty SiriusXM Group

Several institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in The Liberty SiriusXM Group by 32.6% in the first quarter. Principal Financial Group Inc. now owns 12,842 shares of the technology company’s stock valued at $382,000 after buying an additional 3,157 shares during the period. Rocky Mountain Advisers LLC lifted its stake in The Liberty SiriusXM Group by 197,903.2% in the first quarter. Rocky Mountain Advisers LLC now owns 245,524 shares of the technology company’s stock valued at $7,295,000 after buying an additional 245,400 shares during the period. Equitec Proprietary Markets LLC acquired a new position in The Liberty SiriusXM Group in the first quarter valued at approximately $123,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in The Liberty SiriusXM Group by 6.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 136,724 shares of the technology company’s stock valued at $4,062,000 after buying an additional 8,800 shares during the period. Finally, Penn Davis Mcfarland Inc. lifted its stake in The Liberty SiriusXM Group by 8.0% in the first quarter. Penn Davis Mcfarland Inc. now owns 807,860 shares of the technology company’s stock valued at $24,002,000 after buying an additional 59,687 shares during the period. 56.58% of the stock is owned by institutional investors and hedge funds.

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.

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.