Sirius XM(SIRI)

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SiriusXM Stock: 4 Reasons to Buy This Monopoly
MarketBeat· 2024-10-21 12:55
Sirius XM Holdings Inc. NASDAQ: SIRI operates the only licensed satellite radio company. In 1997, the U.S. Federal Communications Commission granted satellite radio licenses to two competing satellite radio companies, Sirius Satellite Radio and XM Satellite Radio. Back then, satellite radio was a money pit with extremely high barriers to entry. XM and Sirius merged into one company, Sirius XM Holdings, in July 2008 with the approval from the FCC to become a legal monopoly in satellite radio with 18.5 millio ...
Sirius XM Makes Sense As A Warren Buffett Investment
Seeking Alpha· 2024-10-20 08:10
Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Sirius XM (NASDAQ: SIRI ) is a $9 billion radio and broadcasting corporation, more than 30% owned by Berkshire Hathaway ( BRK.A ) ( BRK.B ), which recentl ...
Here's the 1 Stock We Know for Certain Warren Buffett and Berkshire Hathaway Are Buying
The Motley Fool· 2024-10-19 21:08
Group 1: Investment Behavior of Warren Buffett - Warren Buffett has sold more stocks than he bought in the last seven quarters, including a significant sale of approximately $75 billion in Apple stock and over $10 billion in Bank of America shares [1] - Buffett's typical buying behavior has changed, with no share buybacks in June and a potential first quarter without buybacks since mid-2018 [2] - Buffett has not purchased additional shares of Occidental Petroleum despite its stock price dropping to a two-year low, indicating a possible contentment with a 27.3% stake in the company [3][4] Group 2: Sirius XM Investment - Berkshire Hathaway has increased its stake in Sirius XM, acquiring $87 million worth of shares recently, and now owns over 30% of the total outstanding shares [4][5] - Sirius XM operates as the only satellite radio provider in the U.S., generating revenue primarily from subscriptions rather than advertising, with approximately 33 million paid subscribers and 7.4 million free-trial listeners [5][6] - The company benefits from lower music royalty rates compared to on-demand streaming services, leading to steadily rising operating profits despite a stagnating subscriber base [6] Group 3: Market Valuation and Opportunities - Sirius XM shares are currently trading at low valuations, with a price of just over 8 times analysts' estimates for 2025 earnings and an enterprise value of 6.8 times the forecasted 2024 EBITDA [6][7] - Buffett's recent purchase of Sirius XM reflects a broader warning about the current stock market, indicating a lack of attractive larger companies for investment [8] - Despite Buffett's cautious approach, there are numerous opportunities in small- and mid-cap stocks for everyday investors [8]
Warren Buffett Is Buying Shares of This Legal Monopoly Hand Over Fist
The Motley Fool· 2024-10-16 08:51
Despite being a net seller of stocks for the last two years, the Oracle of Omaha has unearthed one historically cheap value stock he can't stop buying.When billionaire Warren Buffett speaks, Wall Street tends to pay very close attention. In his nearly six decades as CEO of Berkshire Hathaway (BRK.A 1.26%) (BRK.B 0.59%), he's overseen close to a 5,600,000% cumulative return in his company's Class A shares (BRK.A). Few money managers have been able to consistently outpace the benchmark S&P 500 (^GSPC -0.76%) ...
Here's Why Sirius XM (SIRI) is a Strong Momentum Stock
ZACKS· 2024-10-15 14:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style S ...
Strength Seen in Sirius XM (SIRI): Can Its 7.9% Jump Turn into More Strength?
ZACKS· 2024-10-15 09:46
Sirius XM (SIRI) shares rallied 7.9% in the last trading session to close at $26.90. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.7% gain over the past four weeks.SiriusXM shares rallied Monday after Warren Buffett’s Berkshire Hathaway raised its stake in the satellite radio company. Berkshire Hathaway purchased roughly 3.6 million shares for about $87 million in separate transactions, now owning 32% of ...
Sirius XM Earnings: I Don't See A Turnaround Yet
Seeking Alpha· 2024-10-15 08:52
Sirius XM (NASDAQ: SIRI ) is going to report its Q3 earnings at the end of this month, so I thought I'd look at what you can expect and give some comments on what I would like to see going forward. The MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time. Analyst's Disclo ...
Why Sirius XM Stock Just Jumped 8%
The Motley Fool· 2024-10-14 16:43
Sirius stock looked cheap a month ago, and it still does today.I argued last month that given a price-to-free-cash-flow ratio of 10, "dividend payments at about 4.3% annually," and plans "to buy back $1.2 billion in stock ... the case for buying Sirius XM Holdings (SIRI 8.70%) stock is only getting stronger."Turns out, someone was listening.Shares of Sirius stock gained 8.1% through 10:45 a.m. ET Monday after Warren Buffett investment vehicle Berkshire Hathaway (BRK.A 0.15%) (BRK.B 0.26%) revealed in an SEC ...
Wall Street Analysts Think Sirius XM (SIRI) Could Surge 25.87%: Read This Before Placing a Bet
ZACKS· 2024-10-14 14:56
Shares of Sirius XM (SIRI) have gained 1.7% over the past four weeks to close the last trading session at $24.93, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $31.38 indicates a potential upside of 25.9%.The average comprises 13 short-term price targets ranging from a low of $20 to a high of $49, with a standard deviation of $9.87. While the lowest estimate indicates a declin ...
Here's Why Sirius XM (SIRI) is a Strong Value Stock
ZACKS· 2024-10-14 14:40
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sc ...