Stock Traders Purchase High Volume of Sirius XM Call Options (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) saw some unusual options trading on Thursday. Traders acquired 62,343 call options on the company. This is an increase of approximately 222% compared to the typical daily volume of 19,384 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SIRI. Berkshire Hathaway Inc increased its stake in Sirius XM by 4.2% in the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after acquiring an additional 5,030,425 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after purchasing an additional 3,233,922 shares during the last quarter. Norges Bank bought a new stake in shares of Sirius XM in the fourth quarter worth $57,124,000. Hsbc Holdings PLC grew its stake in shares of Sirius XM by 858.4% in the fourth quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company’s stock worth $41,726,000 after purchasing an additional 1,859,872 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Sirius XM in the fourth quarter worth $34,548,000. 10.69% of the stock is owned by institutional investors.

Sirius XM Trading Up 1.0%

Shares of SIRI stock opened at $27.22 on Friday. The firm has a 50 day moving average price of $23.48 and a two-hundred day moving average price of $21.97. The company has a quick ratio of 0.30, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $9.16 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.72 and a beta of 0.94. Sirius XM has a 12-month low of $19.71 and a 12-month high of $28.77.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts predict that Sirius XM will post 3.1 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, May 11th. Sirius XM’s payout ratio is presently 48.21%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SIRI shares. Moffett Nathanson assumed coverage on Sirius XM in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $21.00 price target on the stock. Guggenheim reiterated a “buy” rating and set a $34.00 target price (up from $29.00) on shares of Sirius XM in a report on Friday, April 24th. Rosenblatt Securities upgraded Sirius XM from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $46.00 in a report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday. Finally, UBS Group set a $24.00 price target on Sirius XM in a research note on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.70.

Sirius XM News Roundup

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Q1 results beat expectations — SiriusXM reported $0.72 EPS vs. ~$0.70 consensus and $2.09B revenue (vs. ~$2.07B), with revenue up ~1.1% YoY; management highlighted margin and profit growth that supports cash returns. SiriusXM Reports First Quarter 2026 Operating and Financial Results
• Positive Sentiment: SiriusXM shed fewer subscribers in Q1, suggesting content initiatives and pricing are reducing churn — an important sign for recurring revenue stability. SiriusXM sheds fewer subscribers in the first quarter on content strength
• Positive Sentiment: Advertising and Pandora contribution boosted profitability; Billboard notes double‑digit profit growth driven by subscription price increases and Pandora ad revenue. SiriusXM Posts Double-Digit Profit Growth on Subscription Price Hikes, Pandora’s Ad Revenue
• Positive Sentiment: Company targets ~ $1.35B in 2026 free cash flow and plans to launch YouTube audio ads this fall — a new monetization channel that could lift ad revenue and FCF. SiriusXM targets ~$1.35B 2026 free cash flow while launching YouTube audio ads this fall
• Positive Sentiment: Deal chatter: Sirius XM is reportedly exploring a purchase of iHeartMedia — a strategic combination could create scale in audio advertising and content, supporting longer‑term growth expectations (still speculative). Deal Dispatch: Sirius XM Mulls Purchase Of iHeartMedia, Uber Buys FlyTaxi, Wren Kitchens Bankruptcy
• Neutral Sentiment: Large options activity — unusually heavy call buying was reported, indicating some traders are positioning for further upside, but options alone are speculative. Listen to Conference Call
• Neutral Sentiment: Analyst/media momentum pieces (Zacks, Yahoo) profile SIRI as a momentum/value play; helpful for sentiment but not new company fundamentals. Sirius XM (SIRI) is a Great Momentum Stock: Should You Buy?
• Neutral Sentiment: SiriusXM confirmed no new material risks since its 2025 10‑K, reaffirming existing SEC disclosures — reduces regulatory uncertainty but is not a growth driver. Sirius XM Confirms No New Material Risks Since 2025 10-K, Reaffirming Existing SEC Disclosures
• Negative Sentiment: JPMorgan raised its price target from $24 to $26 but kept a “neutral” rating — the PT implies limited upside from current levels, which could cap near‑term analyst-driven gains. Benzinga

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.