Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has a $54.00 target price on the technology company’s stock, up from their prior target price of $46.00. Deutsche Bank’s price target points to a potential upside of 29.47% from the stock’s current price.
LSXMA has been the topic of a number of other research reports. B. Riley restated a “buy” rating on shares of Liberty Sirius XM Group in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Liberty Sirius XM Group from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Pivotal Research increased their target price on shares of Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Bank of America increased their target price on shares of Liberty Sirius XM Group from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.33.
Shares of Liberty Sirius XM Group (NASDAQ:LSXMA) traded up $0.88 during trading hours on Friday, hitting $41.71. 1,235,337 shares of the company’s stock were exchanged, compared to its average volume of 366,121. Liberty Sirius XM Group has a 1 year low of $35.02 and a 1 year high of $46.43. The firm has a market cap of $13,719.29, a price-to-earnings ratio of 25.75, a PEG ratio of 0.78 and a beta of 2.19.
Liberty Sirius XM Group (NASDAQ:LSXMA) last announced its earnings results on Thursday, November 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.14. equities research analysts forecast that Liberty Sirius XM Group will post 1.72 earnings per share for the current year.
In related news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $39.61, for a total transaction of $152,142.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
A number of large investors have recently modified their holdings of LSXMA. Toronto Dominion Bank lifted its stake in Liberty Sirius XM Group by 243.9% in the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after purchasing an additional 2,763 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Liberty Sirius XM Group in the 2nd quarter valued at approximately $195,000. State of Alaska Department of Revenue bought a new position in Liberty Sirius XM Group in the 4th quarter valued at approximately $208,000. M&T Bank Corp bought a new position in Liberty Sirius XM Group in the 2nd quarter valued at approximately $246,000. Finally, Achmea Investment Management B.V. bought a new position in Liberty Sirius XM Group in the 3rd quarter valued at approximately $252,000. 25.06% of the stock is owned by institutional investors and hedge funds.
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Liberty Sirius XM Group Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).