Sirius XM (NASDAQ:SIRI - Get Free Report) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $20.00 to $21.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 19.60% from the stock's previous close.
Several other research analysts also recently weighed in on SIRI. Barrington Research reissued an "outperform" rating and issued a $40.00 target price on shares of Sirius XM in a research note on Monday. Guggenheim raised shares of Sirius XM from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Wednesday, September 18th. Pivotal Research decreased their target price on shares of Sirius XM from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group cut their price target on Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Monday. Finally, Bank of America restated an "underperform" rating and set a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $28.96.
Read Our Latest Stock Report on SIRI
Sirius XM Price Performance
Shares of SIRI traded down $0.08 during mid-day trading on Thursday, reaching $26.12. 4,892,221 shares of the company's stock were exchanged, compared to its average volume of 3,509,567. Sirius XM has a 52-week low of $22.18 and a 52-week high of $57.80. The company has a market cap of $8.86 billion, a price-to-earnings ratio of -4.14, a PEG ratio of 1.32 and a beta of 1.04. The company has a 50-day simple moving average of $26.19 and a two-hundred day simple moving average of $29.26. The company has a quick ratio of 0.43, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.
Insider Buying and Selling
In related news, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of the business's stock in a transaction on Friday, October 11th. The shares were bought at an average cost of $24.95 per share, with a total value of $31,418,512.05. Following the completion of the transaction, the insider now directly owns 108,719,088 shares of the company's stock, valued at $2,712,541,245.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders acquired 2,646,761 shares of company stock valued at $65,952,329. Company insiders own 0.79% of the company's stock.
Institutional Trading of Sirius XM
Several large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in shares of Sirius XM in the second quarter valued at $12,858,000. Dimensional Fund Advisors LP lifted its position in shares of Sirius XM by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company's stock worth $12,260,000 after buying an additional 353,860 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Sirius XM by 14.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company's stock valued at $10,807,000 after buying an additional 490,761 shares during the period. ProShare Advisors LLC grew its position in shares of Sirius XM by 25.8% during the 1st quarter. ProShare Advisors LLC now owns 3,747,881 shares of the company's stock valued at $14,542,000 after buying an additional 768,570 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in Sirius XM by 58.6% during the second quarter. AustralianSuper Pty Ltd now owns 2,442,093 shares of the company's stock worth $6,911,000 after acquiring an additional 902,079 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.
Sirius XM Company Profile
(
Get Free Report)
Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.
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