Warren Buffett just pounced on a beaten-down streaming stock.Last week, I took some time to study Berkshire Hathaway's quarterly 13F filing, a regulatory report that shows what stocks institutional investors are buying and selling. In the case of Berkshire, I was curious to see what its leader, Warren Buffett, had been up to during the past few months.During the second quarter, some of Buffett's more headline-grabbing moves included trimming his position in Apple by nearly half as well as completely exiting ...

Core Viewpoint - Liberty Media Corporation announced a merger with Sirius XM Holdings, with trading under the new name "New Sirius" starting September 10 [1] Group 1: Merger Details - The merger is set to combine the efforts and infrastructure of Liberty Media and Sirius XM, aiming to increase subscription and viewership base [5] - Each outstanding share of Liberty Sirius XM common stock will be exchanged for shares in the new company, with a redemption price yet to be determined [4] Group 2: Stock Performance - Sirius XM (SIRI) shares closed at $2.30 on August 23, reflecting a 1.91% increase in the latest trading session, but have decreased 41.71% year-to-date from $5.49 on January 2 [2] - The significant drop in SIRI shares could have influenced Warren Buffett's decision to increase his stock holdings in recent quarters [2] Group 3: Warren Buffett's Holdings - Warren Buffett significantly increased his position in Sirius XM, adding 96,196,301 shares, resulting in a 262.24% increase in his portfolio size for SIRI [3] - Buffett also raised his holdings in Liberty Media (LSXMA and LSXMK) by purchasing 2,426,595 and 4,516,609 shares, reflecting increases of 7.41% and 6.90% respectively [3][4]

Warren Buffett just made a big investment in the satellite radio leader.SiriusXM (SIRI -3.98%) isn't without risk. Subscriber numbers have been moving in the wrong direction, and there are some legitimate concerns. But as longtime Fool.com contributors Rick Munarriz and Matt Frankel discuss in this video, it could be worth a closer look.*Stock prices used were the morning prices of Aug. 20, 2024. The video was published on Aug. 21, 2024. ...

Key TakeawaysSiriusXM signed a multi-year agreement with popular podcaster Alex Cooper.The contract is reported to be worth $125 million over three years, and ends her relationship with Spotify.SiriusXM also gets ad sales rights to Cooper's Unwell Network. SiriusXM (SIRI) shares rose further Wednesday, a day after announcing it had signed a multi-year agreement with Alex Cooper starting in 2025. The satellite radio company is getting the popular podcaster's "Call Her Daddy" show, as well as ad sales rights ...

NEW YORK, Aug. 19, 2024 /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced that Chief Executive Officer Jennifer Witz will present at the Goldman Sachs 2024 Communacopia + Technology Conference in San Francisco, CA. The presentation is scheduled for Wednesday, September 11, 2024, at 2:25 PM PT. A live webcast of the presentation will be accessible via the Investor Relations section of the SiriusXM website at https://investor.siriusxm.com.An archive of the webcast will be available on the Company's webs ...

The Oracle of Omaha has increased Berkshire Hathaway's stake by 262% in the only brand-name company set to conduct a reverse-stock split.Although artificial intelligence (AI) has been the can't-miss innovation that's powered all three of Wall Street's major stock indexes to record-closing highs, stock-split euphoria has, arguably, been just as important in 2024.A stock split allows publicly traded companies the opportunity to superficially adjust their share price and outstanding share count by the same fac ...

Berkshire Hathaway is adding to its position in one of the biggest losers on its scorecard this year. It makes more sense than you think.Sirius XM Holdings' (SIRI 5.50%) may have fallen out of favor for most investors, but arguably the best stock picker of our time sees things differently. Warren Buffett's Berkshire Hathaway (BRK.A 0.81%) (BRK.B 0.68%) didn't make a lot of portfolio moves in the second quarter, but one of the few tweaks it did make was to dramatically ramp up its stake in the satellite radi ...

Key TakeawaysWarren Buffett's Berkshire Hathaway boosted its stake in Sirius XM Holdings.Berkshire added more than 96 million shares in the second quarter.The news lifted Sirius shares, which have slumped this year, at one point hitting a 12-year low. Shares of Sirius XM Holdings (SIRI) advanced Thursday after Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) made a big addition of the stock to its portfolio in the second quarter.  In a regulatory filing, Berkshire reported it now held 132,878,213 shares o ...

Sirius XM Holdings (SIRI) reported second-quarter 2024 earnings of 8 cents per share, which met the Zacks Consensus Estimate and remained flat year over year.Total revenues on a reported basis declined 3% year over year to $2.18 billion and missed the consensus mark by 1.21%.Subscriber revenues (76.1% of total revenues) declined 3.9% from the year-ago quarter to $1.66 billion. The figure missed the Zacks Consensus Estimate by 0.2%.Meanwhile, advertisement revenues (20.3%) decreased 0.4% year over year to $4 ...

Sirius XM (SIRI) reported $2.18 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.2%. EPS of $0.08 for the same period compares to $0.08 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.2 billion, representing a surprise of -1.21%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...