Deutsche Bank Aktiengesellschaft Trims The Liberty SiriusXM Group (NASDAQ:LSXMA) Target Price to $31.50

The Liberty SiriusXM Group (NASDAQ:LSXMA) had its target price lowered by analysts at Deutsche Bank Aktiengesellschaft from $34.00 to $31.50 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 50.79% from the stock’s current price.

A number of other research analysts have also recently weighed in on LSXMA. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Citigroup cut shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $28.00 in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.50.

The Liberty SiriusXM Group Price Performance

NASDAQ LSXMA traded down $0.16 during mid-day trading on Monday, reaching $20.89. The stock had a trading volume of 128,994 shares, compared to its average volume of 1,568,482. The Liberty SiriusXM Group has a 1 year low of $20.13 and a 1 year high of $31.69. The stock has a market cap of $6.82 billion and a PE ratio of 8.60. The company has a fifty day moving average price of $23.82 and a 200 day moving average price of $27.41.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. As a group, equities research analysts expect that The Liberty SiriusXM Group will post 2.53 earnings per share for the current year.

Insider Activity at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 139,065 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the completion of the transaction, the chairman now owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman John C. Malone sold 89,951 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.53, for a total value of $6,344,244.03. Following the sale, the chairman now owns 2,540,430 shares in the company, valued at $179,176,527.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John C. Malone sold 139,065 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the sale, the chairman now owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 4,492,894 shares of company stock valued at $121,296,950 and sold 229,161 shares valued at $15,947,127. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of The Liberty SiriusXM Group

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in The Liberty SiriusXM Group by 46.6% during the third quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock worth $273,449,000 after purchasing an additional 3,416,321 shares during the period. UBS Group AG raised its stake in shares of 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 during the period. Cadian Capital Management LP purchased a new stake in shares of The Liberty SiriusXM Group in the 3rd quarter valued at approximately $27,750,000. Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $22,217,000. Finally, Norges Bank purchased a new stake in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $16,397,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

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.