The Liberty SiriusXM Group (NASDAQ:LSXMA) Major Shareholder Berkshire Hathaway Inc Acquires 199,664 Shares

Posted by Alanna Baker on Mar 28th, 2024

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Free Report) major shareholder Berkshire Hathaway Inc bought 199,664 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was acquired at an average cost of $28.82 per share, with a total value of $5,754,316.48. Following the transaction, the insider now owns 57,886,716 shares of the company’s stock, valued at $1,668,295,155.12. The purchase was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Thursday, March 21st, Berkshire Hathaway Inc bought 333,916 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average cost of $28.92 per share, with a total value of $9,656,850.72.
On Monday, March 11th, Berkshire Hathaway Inc bought 20,609 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average cost of $29.94 per share, with a total value of $617,033.46.
On Friday, March 8th, Berkshire Hathaway Inc bought 521,804 shares of The Liberty SiriusXM Group stock. The stock was acquired at an average cost of $29.86 per share, with a total value of $15,581,067.44.
On Monday, March 4th, Berkshire Hathaway Inc acquired 234,194 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $28.77 per share, with a total value of $6,737,761.38.
On Wednesday, March 6th, Berkshire Hathaway Inc acquired 1,188,000 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $29.39 per share, with a total value of $34,915,320.00.
On Thursday, February 1st, Berkshire Hathaway Inc acquired 175,827 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $30.70 per share, with a total value of $5,397,888.90.
On Tuesday, January 30th, Berkshire Hathaway Inc acquired 495,739 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $30.12 per share, with a total value of $14,931,658.68.
On Thursday, January 25th, Berkshire Hathaway Inc acquired 139,132 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $30.99 per share, with a total value of $4,311,700.68.
On Tuesday, January 23rd, Berkshire Hathaway Inc acquired 650,224 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $30.96 per share, with a total value of $20,130,935.04.
On Tuesday, January 16th, Berkshire Hathaway Inc acquired 543,977 shares of The Liberty SiriusXM Group stock. The shares were purchased at an average cost of $30.43 per share, with a total value of $16,553,220.11.

The Liberty SiriusXM Group Stock Up 1.9 %

Shares of NASDAQ:LSXMA opened at $29.50 on Thursday. The Liberty SiriusXM Group has a fifty-two week low of $22.01 and a fifty-two week high of $31.69. The business has a 50-day moving average of $30.04 and a two-hundred day moving average of $27.59.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter. The company had revenue of $2.29 billion during the quarter. On average, equities analysts predict that The Liberty SiriusXM Group will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On The Liberty SiriusXM Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in The Liberty SiriusXM Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 10,876,251 shares of the technology company’s stock valued at $312,583,000 after purchasing an additional 131,699 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of The Liberty SiriusXM Group by 10.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 37,880 shares of the technology company’s stock worth $1,089,000 after acquiring an additional 3,677 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of The Liberty SiriusXM Group by 82.5% in the 4th quarter. Virtu Financial LLC now owns 107,556 shares of the technology company’s stock worth $3,091,000 after acquiring an additional 48,608 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of The Liberty SiriusXM Group by 8.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,811 shares of the technology company’s stock worth $972,000 after acquiring an additional 2,736 shares in the last quarter. Finally, Bluefin Capital Management LLC boosted its holdings in shares of The Liberty SiriusXM Group by 70.0% in the 4th quarter. Bluefin Capital Management LLC now owns 30,241 shares of the technology company’s stock worth $868,000 after acquiring an additional 12,452 shares in the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

About The Liberty SiriusXM Group

(Get Free Report)

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.