The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Free Report)The stock was reiterated a “buy” rating by analysts at Benchmark in a report published on Monday, Benzinga reports. They currently have a $54.00 price target on the technology company’s stock. Benchmark’s price target suggests a potential upside of 149.08% from the company’s last closing price.
LSXMA has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Liberty SiriusXM Group from $34.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, June 17th. Seaport Res Ptn upgraded shares of Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Evercore ISI reiterated an “in-line” rating and issued a $27.00 price target (previously $36.00) on shares of Liberty SiriusXM Group in a research report on Monday, June 24th. Finally, Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $28.00 in a research report on Wednesday, April 24. Two research analysts have rated the stock with a “hold” rating and three have given a “buy” rating. According to data from MarketBeat, The Liberty SiriusXM Group currently has an average rating of “moderate buy” and a consensus price target of $35.13.
Check out our latest analysis on LSXMA
Share price development of Liberty SiriusXM Group
NASDAQ:LSXMA opened at $21.68 on Monday. The company has a market cap of $7.08 billion and a P/E ratio of 8.92. The company has a 50-day moving average of $21.97 and a 200-day moving average of $25.39. Liberty SiriusXM Group has a 52-week low of $20.13 and a 52-week high of $31.69.
Insider buying and selling
In related news, major shareholder Berkshire Hathaway Inc. sold 52,911 shares of the company’s stock on Thursday, June 13. The shares were sold at an average price of $34.06, for a total value of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares of the company’s stock, valued at approximately $170,266,178.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC’s website. 0.09% of the shares are owned by company insiders.
Hedge funds comment on Liberty SiriusXM Group
Major investors have recently changed their holdings in the company. Vanguard Group Inc. increased its stake in The Liberty SiriusXM Group by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 12,262,936 shares of the technology company’s stock worth $364,209,000 after acquiring an additional 1,386,685 shares in the last quarter. Point72 Asset Management LP increased its stake in The Liberty SiriusXM Group by 7.8% in the 4th quarter. Point72 Asset Management LP now owns 2,620,134 shares of the technology company’s stock worth $75,303,000 after acquiring an additional 190,608 shares in the last quarter. Cadian Capital Management LP increased its stake in The Liberty SiriusXM Group by 35.2% in the 4th quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock valued at $42,374,000 after acquiring an additional 384,000 shares in the last quarter. UBS Group AG increased its stake in The Liberty SiriusXM Group by 769.2% in the 4th quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock valued at $40,305,000 after acquiring an additional 1,241,057 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP bought a new stake in The Liberty SiriusXM Group shares in the 4th quarter valued at $22,217,000. 28.72% of the shares are currently owned by institutional investors.
Liberty SiriusXM Group Company Profile
(Get free report)
Liberty SiriusXM Group, through its subsidiaries in the United States, the United Kingdom and internationally, is engaged in the entertainment business, providing music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcasts and infotainment services through proprietary satellite radio systems, as well as streaming through the SXM app for mobile and home devices and other consumer electronics.
Selected articles
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