Brian J. Wendling Sells 3,137 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) Stock

Posted by on Mar 31st, 2023

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) CAO Brian J. Wendling sold 3,137 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $75.11, for a total value of $235,620.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

The Liberty SiriusXM Group Stock Up 1.8 %

NASDAQ:LSXMA opened at $27.29 on Friday. The firm has a market capitalization of $8.91 billion, a PE ratio of 7.48 and a beta of 1.12. The stock has a 50 day moving average of $32.69 and a 200-day moving average of $38.15. The Liberty SiriusXM Group has a 52 week low of $25.05 and a 52 week high of $46.67. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last posted its earnings results on Wednesday, March 1st. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.55 by $0.22. The Liberty SiriusXM Group had a return on equity of 6.99% and a net margin of 14.35%. The company had revenue of $2.28 billion during the quarter.

Institutional Trading of The Liberty SiriusXM Group

Large investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its position in The Liberty SiriusXM Group by 338.7% in the 3rd quarter. Bessemer Group Inc. now owns 658 shares of the technology company’s stock valued at $25,000 after acquiring an additional 508 shares during the period. Coastal Investment Advisors Inc. increased its position in shares of The Liberty SiriusXM Group by 1,925.0% during the 4th quarter. Coastal Investment Advisors Inc. now owns 810 shares of the technology company’s stock valued at $32,000 after purchasing an additional 770 shares during the period. Ellevest Inc. increased its position in shares of The Liberty SiriusXM Group by 199.7% during the 4th quarter. Ellevest Inc. now owns 890 shares of the technology company’s stock valued at $35,000 after purchasing an additional 593 shares during the period. Pecaut & CO. acquired a new position in shares of The Liberty SiriusXM Group during the 3rd quarter valued at $38,000. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of The Liberty SiriusXM Group during the 3rd quarter valued at $39,000. 29.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LSXMA has been the topic of several recent analyst reports. Evercore ISI cut their price target on The Liberty SiriusXM Group from $46.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday. Benchmark cut their price target on The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, March 7th. Citigroup cut their price target on The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Credit Suisse Group restated an “outperform” rating and set a $39.00 price objective on shares of The Liberty SiriusXM Group in a research note on Thursday, March 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on The Liberty SiriusXM Group from $67.00 to $58.00 in a research note on Thursday, March 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, The Liberty SiriusXM Group currently has a consensus rating of “Buy” and a consensus target price of $57.00.

The Liberty SiriusXM Group Company Profile

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.

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Insider Buying and Selling by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMA)

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