Liberty Sirius XM Group Series A (NASDAQ:LSXMA) had its price objective increased by Deutsche Bank from $60.00 to $65.00 in a report published on Tuesday. The firm currently has a buy rating on the technology company’s stock.

Other research analysts have also issued research reports about the company. Barclays lowered Liberty Sirius XM Group Series A from an overweight rating to an equal weight rating and dropped their price target for the stock from $50.00 to $43.00 in a research report on Tuesday, June 26th. ValuEngine lowered Liberty Sirius XM Group Series A from a strong-buy rating to a buy rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded Liberty Sirius XM Group Series A from a hold rating to a buy rating and set a $51.00 price target for the company in a research report on Friday, June 1st. Pivotal Research reiterated a buy rating and issued a $60.00 price target on shares of Liberty Sirius XM Group Series A in a research report on Wednesday, May 23rd. Finally, Buckingham Research lifted their price target on Liberty Sirius XM Group Series A to $59.00 and gave the stock a buy rating in a research report on Monday, May 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Liberty Sirius XM Group Series A presently has a consensus rating of Buy and a consensus price target of $55.56.

Shares of Liberty Sirius XM Group Series A stock traded up $0.02 during trading on Tuesday, reaching $46.04. 3,456 shares of the stock traded hands, compared to its average volume of 504,232. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 13.90 and a beta of 1.99. Liberty Sirius XM Group Series A has a 52-week low of $38.61 and a 52-week high of $48.57.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. sell-side analysts forecast that Liberty Sirius XM Group Series A will post 2.12 earnings per share for the current fiscal year.

In related news, Director David E. Rapley sold 6,827 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $46.28, for a total value of $315,953.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark D. Carleton sold 27,783 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $45.94, for a total transaction of $1,276,351.02. The disclosure for this sale can be found here.

A number of large investors have recently modified their holdings of LSXMA. First Personal Financial Services grew its holdings in Liberty Sirius XM Group Series A by 3,414.9% in the first quarter. First Personal Financial Services now owns 3,058 shares of the technology company’s stock worth $126,000 after purchasing an additional 2,971 shares during the last quarter. Blair William & Co. IL purchased a new position in Liberty Sirius XM Group Series A in the first quarter worth $136,000. Bank of Montreal Can purchased a new position in Liberty Sirius XM Group Series A in the second quarter worth $161,000. People s United Financial Inc. purchased a new position in Liberty Sirius XM Group Series A in the second quarter worth $208,000. Finally, Cohen Klingenstein LLC purchased a new position in Liberty Sirius XM Group Series A in the second quarter worth $232,000. 25.79% of the stock is owned by institutional investors.

Liberty Sirius XM Group Series A Company Profile

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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Analyst Recommendations for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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