Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Price Target Raised to $67.00

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) had its target price boosted by Deutsche Bank from $62.00 to $67.00 in a research report released on Monday morning, BenzingaRatingsTable reports. Deutsche Bank currently has a buy rating on the technology company’s stock.

LSXMA has been the subject of several other reports. Zacks Investment Research lowered Liberty Sirius XM Group Series A from a hold rating to a strong sell rating in a research report on Wednesday, August 14th. Pivotal Research reissued a buy rating and issued a $67.00 price objective on shares of Liberty Sirius XM Group Series A in a research report on Sunday, August 11th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $61.50.

LSXMA stock opened at $40.46 on Monday. The stock has a 50-day moving average price of $40.13 and a 200-day moving average price of $39.26. Liberty Sirius XM Group Series A has a 1-year low of $34.92 and a 1-year high of $47.54. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12.85 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19.

In related news, Director Andrea L. Wong sold 1,741 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total value of $46,153.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Liberty Sirius XM Group Series A by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 627,265 shares of the technology company’s stock valued at $23,083,000 after buying an additional 8,196 shares during the last quarter. Geode Capital Management LLC lifted its stake in Liberty Sirius XM Group Series A by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 1,075,050 shares of the technology company’s stock valued at $39,545,000 after buying an additional 84,271 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Liberty Sirius XM Group Series A by 136.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,244 shares of the technology company’s stock valued at $276,000 after buying an additional 4,175 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Liberty Sirius XM Group Series A by 29.1% in the first quarter. BNP Paribas Arbitrage SA now owns 549,892 shares of the technology company’s stock valued at $20,995,000 after buying an additional 123,795 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Liberty Sirius XM Group Series A by 8.3% in the first quarter. Bank of Montreal Can now owns 4,387 shares of the technology company’s stock valued at $167,000 after buying an additional 335 shares during the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

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 streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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

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