Warren Buffett: 10 Sirius XM Holdings transactions (Berkshire Hathaway (2024)

FAQs

Why is Berkshire buying Sirius XM? ›

Berkshire apparently is seeking to capitalize on the coming combination of Liberty SiriusXM with Sirius XM. Liberty Sirius XM holders are due to get 8.4 shares of Sirius XM for each share of the tracking stock. The merger is due to take place early in the third quarter — or perhaps sooner.

In Warren Buffett's current portfolio as of 2023-12-31, the top 5 holdings are Apple Inc (AAPL), Bank of America Corp (BAC), American Express Co (AXP), Coca-Cola Co (KO), Chevron Corp (CVX), not including call and put options. Warren Buffett did not buy any new stocks in the current portfolio.

Based on analyst ratings, Sirius XM Holdings Inc's 12-month average price target is $4.74. What is SIRI's upside potential, based on the analysts' average price target? Sirius XM Holdings Inc has 22.16% upside potential, based on the analysts' average price target.

Total debt on the balance sheet as of December 2023 : $9.53 B. According to Sirius XM's latest financial reports the company's total debt is $9.53 B. A company's total debt is the sum of all current and non-current debts.

Apple is Berkshire's largest public stock holding by far. Berkshire's $155 billion Apple stake is roughly four times larger than its second-largest holding. Buffett first bought Apple shares in the first quarter of 2016, and Apple's stock price is up more than 500% since the beginning of 2016.

The rule's origin is reported as advice given by Buffet to his personal pilot, Mike Flint. Flint asked Buffet for career advice, leading to Buffet thinking of the 5/25 rule. Buffet asked Flint to list his top 25 career goals, pick the top five, and avoid the rest until the top five are achieved.

What will never lose value? ›

Things that don't depreciate in value are things that don't lose their qualities as time passes or things that actually increase in value with the passage of time. These include goodwill, luxurious items, high-quality art, gems, alcoholic beverages, and land.

Over the past decade, Berkshire's beta is 0.63, showing it experiences significantly less volatility than the broader market. For these reasons, Berkshire Hathaway is an excellent stock to add to your portfolio today and hold for the long haul. I also see no reason to sell it anytime soon.

Over 30 years ago, Warren Buffett, CEO of Berkshire Hathaway, made his first purchase of silver in anticipation of the metal's demonetization by the U.S. Government. Since that time he has followed silver's fundamentals but no entity he manages has owned it.

Buffett's current vehicle, the 2014 Cadillac XTS that he has owned for approximately ten years, is a testament to his reputation for frugality.

Buffett's Latest Move in the Stock Market

Warren Buffett (Trades, Portfolio), through Berkshire Hathaway, has made a notable addition to its investment portfolio by acquiring 50,682,902 shares of Liberty SiriusXM Group (NASDAQ:LSXMK) on March 6, 2024.

Buffett has now spent roughly $465.4 million to bulk up his stake Liberty Sirius XM Series C (LSXMK) and Series A (LSXMA) shares. He now owns about 30% of Liberty SiriusXM's outstanding shares.

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Sirius XM stock have an average target of 4.52, with a low estimate of 3.00 and a high estimate of 6.50. The average target predicts an increase of 40.81% from the current stock price of 3.21.

Hear the performance LIVE on SiriusXM's Radio Margaritaville (Ch. 24) and No Shoes Radio (Ch. 57) starting 7:45 pm ET/4:45 pm PT.