The Liberty SiriusXM Group (NASDAQ:LSXMA) Major Shareholder Acquires $5,754,316.48 in Stock

The Liberty SiriusXM Group (NASDAQ:LSXMA) major shareholder Berkshire Hathaway Inc acquired 199,664 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average cost of $28.82 per share, for a total transaction of $5,754,316.48. Following the completion of the transaction, the insider now directly owns 57,886,716 shares in the company, valued at approximately $1,668,295,155.12. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large 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 Thursday, March 21st, Berkshire Hathaway Inc acquired 333,916 shares of The Liberty SiriusXM Group stock. The stock was bought at an average cost 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 acquired at an average cost of $29.94 per share, for a total transaction of $617,033.46.
• On Friday, March 8th, Berkshire Hathaway Inc purchased 521,804 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $29.86 per share, for a total transaction of $15,581,067.44.
• On Monday, March 4th, Berkshire Hathaway Inc purchased 234,194 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $28.77 per share, for a total transaction of $6,737,761.38.
• On Wednesday, March 6th, Berkshire Hathaway Inc purchased 1,188,000 shares of The Liberty SiriusXM Group stock. The shares were acquired at an average cost of $29.39 per share, for a total transaction of $34,915,320.00.
• On Thursday, February 1st, Berkshire Hathaway Inc bought 175,827 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $30.70 per share, for a total transaction of $5,397,888.90.
• On Tuesday, January 30th, Berkshire Hathaway Inc bought 495,739 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $30.12 per share, for a total transaction of $14,931,658.68.
• On Thursday, January 25th, Berkshire Hathaway Inc bought 139,132 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $30.99 per share, for a total transaction of $4,311,700.68.
• On Tuesday, January 23rd, Berkshire Hathaway Inc bought 650,224 shares of The Liberty SiriusXM Group stock. The stock was purchased at an average cost of $30.96 per share, for a total transaction of $20,130,935.04.
• On Tuesday, January 16th, Berkshire Hathaway Inc purchased 543,977 shares of The Liberty SiriusXM Group stock. The stock was bought at an average price of $30.43 per share, for a total transaction of $16,553,220.11.

The Liberty SiriusXM Group Trading Up 1.9 %

Shares of LSXMA opened at $29.50 on Thursday. The Liberty SiriusXM Group has a 52 week low of $22.01 and a 52 week high of $31.69. The firm’s 50-day simple moving average is $30.04 and its 200 day simple moving average is $27.59.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LSXMA. Vanguard Group Inc. grew its stake 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 last quarter. Point72 Asset Management L.P. bought a new position in The Liberty SiriusXM Group in the 2nd quarter valued at approximately $84,529,000. UBS Group AG lifted 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 purchasing an additional 1,241,057 shares during the last quarter. Cadian Capital Management LP purchased a new stake in The Liberty SiriusXM Group during the 3rd quarter valued at about $27,750,000. Finally, JPMorgan Chase & Co. grew its position in The Liberty SiriusXM Group by 139.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,685,817 shares of the technology company’s stock valued at $55,312,000 after purchasing an additional 980,687 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

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.