Sirius XM Holdings Inc. (NASDAQ:SIRI) produced a 18.93% rally since recording the worst price of $5.23. Thanks to the latest 1.3% increase, it now trades at $6.22. Throughout the trading on 7/26/2019, the share price floated between $6.14 and $6.23. This company shares are 9.16% off its target price of $6.79 and the current market capitalization stands at $28.29B. The recent change has given its price a 9.48% lead over SMA 50 and -14.68% deficit over its 52-week high. The stock witnessed 12.48% gains, 7.61% gains and 6.87% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SIRI’s volatility during a week at 1.55% and during a month it has been found around 1.59%.

What Does Sirius XM Holdings Inc. (SIRI) Do?

The company describes itself in regulatory filings as, “Sirius XM Holdings, Inc. is a radio company. The company offers music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services. Its brand channels include SiriusXM Traffic, SiriusXM Travel Link, NavTraffic, NavWeather, SiriusXM Aviation and SiriusXM Marine. The company was founded in 1990 and is headquartered in New York, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/SIRI/profile under company description.]

Sirius XM Holdings Inc. (SIRI) Top Holders

Institutional investors currently hold around $5.99 billion or 21% in SIRI stock. Look at its top three institutional owners: Berkshire Hathaway Inc owns $857.84 million in Sirius XM Holdings Inc., which represents roughly 3.03% of the company’s market cap and approximately 14.31% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 123,784,832 shares of the stock are valued at $769.94 million. The third largest holder is Vanguard Group Inc, which currently holds $566.94 million worth of this stock and that ownership represents nearly 2% of its market capitalization.

Sirius XM Holdings Inc. 13F Filings

At the end of March reporting period, 266 institutional holders increased their position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by some 142,112,800 shares, 306 decreased positions by 296,173,663 and 164 held positions by 525,384,448. That puts total institutional holdings at 963,670,911 shares, according to SEC filings. The stock grabbed 68 new institutional investments totaling 34,419,273 shares while 106 institutional investors sold out their entire positions totaling 118,810,089 shares.

Sirius XM Holdings Inc. (NASDAQ:SIRI) Insider Trades

Multiple company employees have indulged in significant insider trading. Sirius XM Holdings Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, Sales and Automotive COOK STEPHEN has sold 415,502 shares of Sirius XM Holdings Inc. (SIRI) in the trading session dated Jul. 26, 2018. These shares are worth $2,991,614 and were traded at $7.2 each. The SEC filing shows that Altman Dara F performed a sale of 387,696 shares. The EVP & Chief Admin. Officer disposed these shares by way of transaction on Jun. 19, 2018. The company’s shares were given away at $7.49 per share worth to an income of some $2,903,843 to the account of Altman Dara F.

Director, AMBLE JOAN LORDI, sold 34,565 common shares of Sirius XM Holdings Inc. (SIRI) in the open market. In a transaction dated Jun. 11, 2018, the shares were put up for sale at an average price of $7.25, raking in a sum of $250,596. After this sale, 35,404 common shares of SIRI are directly owned by the insider, with total stake valued at $220,213.

In the transaction dated Jun. 01, 2018, a great number of shares sold came courtesy the Director; VOGEL CARL E disposed a total of 120,516 shares at an average price of $7.11, amounting to approximately $856,869. The insider now directly owns 26,197 shares worth $162,945.

Sirius XM Holdings Inc. (SIRI) Analyst Guide

Several analysts have released their opinion on Sirius XM Holdings Inc. (NASDAQ:SIRI), with 3 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 6 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.38 average brokerage recommendation [T1].