Liberty Sirius XM Group (NASDAQ:LSXMA) had its price objective increased by Buckingham Research from $54.00 to $59.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the technology company’s stock. Buckingham Research’s target price points to a potential upside of 32.88% from the company’s current price.
Several other brokerages have also issued reports on LSXMA. Barclays lifted their price target on Liberty Sirius XM Group from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America lifted their price target on Liberty Sirius XM Group from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Citigroup upgraded Liberty Sirius XM Group from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Monday. Zacks Investment Research upgraded Liberty Sirius XM Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday. Finally, Pivotal Research lifted their price target on Liberty Sirius XM Group from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Nine research analysts have rated the stock with a buy rating, Liberty Sirius XM Group presently has a consensus rating of “Buy” and a consensus target price of $54.00.
Liberty Sirius XM Group (LSXMA) traded down $0.25 during trading on Friday, reaching $44.40. The company’s stock had a trading volume of 736,652 shares, compared to its average volume of 504,201. Liberty Sirius XM Group has a 12-month low of $35.23 and a 12-month high of $46.43. The company has a market cap of $24,840.00 and a price-to-earnings ratio of 32.17.
In related news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total transaction of $152,142.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC lifted its holdings in Liberty Sirius XM Group by 0.9% during the 4th quarter. Gabelli Funds LLC now owns 280,400 shares of the technology company’s stock worth $11,121,000 after buying an additional 2,500 shares during the period. Redmond Asset Management LLC acquired a new position in shares of Liberty Sirius XM Group in the 4th quarter valued at about $1,826,000. Aperio Group LLC lifted its stake in shares of Liberty Sirius XM Group by 6.0% in the 4th quarter. Aperio Group LLC now owns 87,798 shares of the technology company’s stock valued at $3,482,000 after purchasing an additional 4,938 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Liberty Sirius XM Group by 110.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the technology company’s stock valued at $1,780,000 after purchasing an additional 23,515 shares during the period. Finally, Opera Trading Capital lifted its stake in shares of Liberty Sirius XM Group by 98.1% in the 4th quarter. Opera Trading Capital now owns 71,257 shares of the technology company’s stock valued at $2,826,000 after purchasing an additional 35,291 shares during the period. 25.16% of the stock is currently owned by hedge funds and other institutional investors.
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About Liberty Sirius XM Group
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).
