Goldman Sachs Group Inc. Raises Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Goldman Sachs Group Inc. boosted its position in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 631,413 shares of the technology company’s stock after purchasing an additional 79,508 shares during the period. Goldman Sachs Group Inc. owned about 0.19% of The Liberty SiriusXM Group worth $18,172,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Treasurer of the State of North Carolina grew its position in The Liberty SiriusXM Group by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock worth $1,960,000 after buying an additional 660 shares in the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of The Liberty SiriusXM Group by 1.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 69,322 shares of the technology company’s stock worth $1,995,000 after purchasing an additional 1,054 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of The Liberty SiriusXM Group by 6.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 18,180 shares of the technology company’s stock worth $523,000 after purchasing an additional 1,181 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in The Liberty SiriusXM Group by 4.4% in the fourth quarter. Clear Harbor Asset Management LLC now owns 34,108 shares of the technology company’s stock valued at $982,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of The Liberty SiriusXM Group during the 4th quarter valued at $66,000. 56.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on LSXMK. Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. StockNews.com raised The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.00.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc bought 1,250,000 shares of The Liberty SiriusXM Group stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of $27.76 per share, with a total value of $34,700,000.00. Following the completion of the purchase, the insider now owns 66,736,288 shares in the company, valued at approximately $1,852,599,354.88. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 139,065 shares of the company’s stock in a transaction dated 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 transaction, the chairman now directly owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Berkshire Hathaway Inc purchased 1,250,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were purchased at an average price of $27.76 per share, for a total transaction of $34,700,000.00. Following the purchase, the insider now owns 66,736,288 shares of the company’s stock, valued at approximately $1,852,599,354.88. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,769,555 shares of company stock valued at $100,335,332 and sold 282,072 shares valued at $17,749,275. Corporate insiders own 12.47% of the company’s stock.

The Liberty SiriusXM Group Stock Performance

Shares of The Liberty SiriusXM Group stock opened at $21.51 on Friday. The stock has a market cap of $7.03 billion and a P/E ratio of 8.85. The stock’s fifty day moving average is $23.03 and its 200 day moving average is $27.02. The Liberty SiriusXM Group has a one year low of $20.05 and a one year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion.

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.