Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors bought 52,926 call options on the stock. This represents an increase of 89% compared to the typical volume of 28,006 call options.
Analysts Set New Price Targets
Several brokerages have commented on SIRI. Benchmark lowered their price objective on Sirius XM from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Wednesday, March 27th. The Goldman Sachs Group raised shares of Sirius XM from a "sell" rating to a "neutral" rating and dropped their price objective for the stock from $3.50 to $3.25 in a research note on Wednesday, May 1st. Wells Fargo & Company decreased their target price on shares of Sirius XM from $3.00 to $2.50 and set an "underweight" rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities dropped their price target on Sirius XM from $4.50 to $3.40 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Finally, Pivotal Research raised Sirius XM from a "hold" rating to a "buy" rating and reduced their price objective for the company from $5.05 to $4.90 in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Sirius XM currently has a consensus rating of "Hold" and a consensus target price of $4.42.
Read Our Latest Stock Analysis on Sirius XM
Sirius XM Stock Down 3.1 %
NASDAQ:SIRI traded down $0.09 during mid-day trading on Wednesday, hitting $2.80. 32,978,871 shares of the company traded hands, compared to its average volume of 16,031,214. The stock's fifty day moving average price is $3.39 and its 200-day moving average price is $4.43. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10. Sirius XM has a one year low of $2.79 and a one year high of $7.95.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Equities analysts predict that Sirius XM will post 0.31 EPS for the current year.
Sirius XM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be paid a $0.0266 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.11 annualized dividend and a yield of 3.80%. Sirius XM's payout ratio is 33.33%.
Hedge Funds Weigh In On Sirius XM
Several hedge funds have recently modified their holdings of SIRI. Berkshire Hathaway Inc increased its stake in Sirius XM by 315.6% in the 4th quarter. Berkshire Hathaway Inc now owns 40,243,058 shares of the company's stock worth $220,130,000 after acquiring an additional 30,559,834 shares during the last quarter. AQR Capital Management LLC increased its position in Sirius XM by 482.9% in the third quarter. AQR Capital Management LLC now owns 14,641,104 shares of the company's stock worth $66,178,000 after purchasing an additional 12,129,166 shares during the last quarter. New York State Common Retirement Fund raised its stake in Sirius XM by 169.6% during the third quarter. New York State Common Retirement Fund now owns 10,303,486 shares of the company's stock valued at $46,572,000 after purchasing an additional 6,482,109 shares in the last quarter. Cadian Capital Management LP bought a new position in Sirius XM during the third quarter valued at $8,929,000. Finally, Northern Trust Corp grew its stake in shares of Sirius XM by 18.7% in the 3rd quarter. Northern Trust Corp now owns 11,256,094 shares of the company's stock worth $50,878,000 after buying an additional 1,776,700 shares in the last quarter. Hedge funds and other institutional investors 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.
See Also
- Five stocks we like better than Sirius XM
- Upcoming IPO Stock Lockup Period, Explained
- TJX Companies Can Hit New Highs; Double-Digit Upside to Follow
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- A Hidden Gem Retailer With 20% Upside
- What Are Dividend Champions? How to Invest in the Champions
- Zoom Stock’s Earnings Volatility Picked Up a Lot of Buyers
→ Tech GIANT’s Plans to Revolutionize Crypto… (From Crypto 101 Media) (Ad)
Should you invest $1,000 in Sirius XM right now?
Before you consider Sirius XM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.
While Sirius XM currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
(Almost) Everything You Need To Know About The EV Market
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
