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- Communication Services
- Broadcasting
- Acquired: Non-Derivative
- Transaction Overview
- Transaction Facts
- Significance of the Transaction
- Insider's Historical Trading Activity
- Market Data Context
- Implications of the Transaction
- Tables
Transaction Overview
On January 12, 2024, a significant insider transaction was reported involving The Liberty SiriusXM Group (Ticker: LSXMA), a prominent player in the broadcasting industry within the Communication Services sector. The transaction involved Berkshire Hathaway Inc, a major shareholder with positions as a director, officer, and a ten percent owner, indicating a high level of insider involvement. The transaction consisted of purchasing 189,484 shares of Series A Liberty SiriusXM Common Stock at a price of $30.49 per share, resulting in a total market value of $5,779,262. This acquisition increased Berkshire Hathaway Inc's holding to 22,501,458 shares in the company.
Transaction Facts
| Transaction date | 2024-01-12 |
| Transaction code | P: Open market or private purchase of non-derivative or derivative security |
| Acquired or disposed | Acquired |
| Ownership: direct or indirect | Indirect |
| Security title | Series A Liberty SiriusXM Common Stock |
| Equity swap involved | Yes |
| Transaction shares | 189484.0 |
| Transaction price per share | $ 30.49 |
| Shares owned following transaction | 22501458.0 |
Significance of the Transaction
The transaction is noteworthy due to the substantial amount invested and the profile of the investor. Berkshire Hathaway Inc is known for its value-based investment strategy, and its increased stake in The Liberty SiriusXM Group suggests a strong conviction in the company's future prospects. The transaction also occurred amidst a series of purchases by Berkshire Hathaway Inc, indicating a strategic accumulation of shares.
Insider's Historical Trading Activity
Over the past year, insiders of The Liberty SiriusXM Group have been active, with 14 insiders making a total of 785 transactions. Berkshire Hathaway Inc, in particular, has made multiple purchases on the same day across different series of Liberty SiriusXM Common Stock, showcasing a pattern of consistent investment in the company. This could signal strong insider confidence in the company's value and growth potential.
Market Data Context
At the time of the transaction, the ten-day average closing price for LSXMA was $30.00, with the stock experiencing a ten-day price change of 6.27%. The fifty-day price change showed an even more substantial increase of 24.54%, indicating positive short-term momentum. The company's market capitalization stood at USD 8,168,416,768, with a total revenue of USD 8,956,999,680 and gross profits of USD 4,521,000,000. The enterprise value was reported to be USD 23,546,662,912, suggesting that the market recognizes the company's significant value beyond its market cap.
Implications of the Transaction
The insider transaction by Berkshire Hathaway Inc indicates a bullish outlook on The Liberty SiriusXM Group's performance and its alignment with the broader industry trends. Given the company's solid financials and the insider's historical trading activity, the market may interpret this as a positive signal, potentially influencing the stock's performance in the near term. Investors and analysts will be closely monitoring subsequent insider activity and company performance to gauge the impact of these transactions on the stock's valuation and investor sentiment.
Tables
Historical trading data
- Ticker: LSXMA
- Showing data prior to the transaction date: Jan. 12, 2024
| 10 day | 50 day | 200 day | 52 week | |
|---|---|---|---|---|
| Close price average | $ 30.00 | $ 27.39 | $ 27.46 | $ 32.64 |
| Price high | $ 31 | $ 31 | $ 35.44 | $ 45.26 |
| Price low | $ 28.16 | $ 24.18 | $ 22.01 | $ 22.01 |
| Price change | 6.27% | 24.54% | 15.31% | -24.41% |
| Average daily volume | $ 1,496,329.20 | $ 1,043,136.58 | $ 1,089,319.41 | $ 997,277.97 |
Transactions by BERKSHIRE HATHAWAY INC on the same day
- Transaction date: Jan. 12, 2024
- Ticker: LSXMA
- On the same day, BERKSHIRE HATHAWAY INC has also made 5 transactions with the same issuer:
| Transaction | Action | Type | Security | Shares | Market value |
|---|---|---|---|---|---|
| 12114588 | Acquired | Non-Derivative | Series C Liberty... | 499572.0 | $ 15,186,988.61 |
| 12114612 | Acquired | Non-Derivative | Series A Liberty... | 469563.0 | $ 14,321,671.50 |
| 12114637 | Acquired | Non-Derivative | Series A Liberty... | 543977.0 | $ 16,591,298.50 |
| 12114517 | Acquired | Non-Derivative | Series C Liberty... | 505242.0 | $ 15,359,356.61 |
| 12114551 | Acquired | Non-Derivative | Series C Liberty... | 586354.0 | $ 17,825,161.38 |