Brokerages Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $31.25

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $31.25.

A number of research analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $43.00 price objective on shares of Sirius XM in a report on Tuesday, October 15th. Barrington Research reiterated an “outperform” rating and set a $47.50 price objective on shares of Sirius XM in a report on Monday, July 15th. Guggenheim raised Sirius XM from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, September 18th. Morgan Stanley reissued an “underweight” rating and set a $23.00 price target on shares of Sirius XM in a research report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Sirius XM from $37.50 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th.

Insider Activity

In other Sirius XM news, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was 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 in the company, valued at approximately $2,712,541,245.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Scott Andrew Greenstein sold 144,723 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $31.60, for a total transaction of $4,573,246.80. Following the transaction, the insider now owns 98,933 shares in the company, valued at approximately $3,126,282.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Berkshire Hathaway Inc bought 1,259,259 shares of the stock in a transaction dated Friday, October 11th. The shares were purchased at an average price of $24.95 per share, for a total transaction of $31,418,512.05. Following the purchase, the insider now 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 disclosure for this purchase can be found here. Insiders acquired a total of 2,646,761 shares of company stock valued at $65,952,329 over the last three months. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Large investors have recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of Sirius XM during the second quarter worth approximately $28,000. First PREMIER Bank bought a new position in Sirius XM during the 1st quarter worth $31,000. Walker Asset Management LLC bought a new position in Sirius XM during the 2nd quarter worth $33,000. Plato Investment Management Ltd bought a new position in Sirius XM during the 2nd quarter worth $35,000. Finally, Riverview Capital Advisers LLC bought a new position in Sirius XM during the 2nd quarter worth $35,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $27.18 on Tuesday. The company has a market capitalization of $104.55 billion, a P/E ratio of 82.36, a price-to-earnings-growth ratio of 0.73 and a beta of 1.07. Sirius XM has a 1 year low of $22.18 and a 1 year high of $57.80. The business has a 50-day moving average of $27.22 and a two-hundred day moving average of $29.72.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.20 billion. Sirius XM had a negative return on equity of 52.15% and a net margin of 14.56%. On average, equities analysts anticipate that Sirius XM will post 3.25 EPS for the current fiscal year.

Sirius XM Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were given a $0.266 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.91%. This is a boost from Sirius XM’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, August 9th. Sirius XM’s dividend payout ratio (DPR) is presently 321.21%.

About Sirius XM

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.