Berkshire Hathaway has increased its stake in satellite broadcaster Sirius XM for three consecutive trading days.
57 minutes ago
According to newly disclosed regulatory filings, between October 30 and November 3 (local time), Berkshire Hathaway—led by legendary investor Warren Buffett, known as the "Oracle of Omaha"—continuously increased its holdings in satellite radio company Sirius XM over three trading days. Specifically, Berkshire bought 744,000 Sirius XM shares at a weighted average price of $28.89 per share on October 30; approximately 67,000 shares at $29.47 per share on November 2; and another 113,300 shares at $30.23 per share on November 3. The three transactions totaled 924,300 common shares purchased, with total spending of roughly $26.89 million. Following the trades, Berkshire’s beneficial stake in Sirius XM rose to around 126 million shares. Sirius XM is a leading North American audio entertainment provider, offering live, on-demand, and curated programming covering music, talk, news, sports, and podcasts, reaching about 255 million monthly listeners across its platforms. The company’s share price has jumped more than 22% in the past five trading days, closing at $33.4 per share on Wednesday local time, with a total market capitalization of approximately $11.2 billion.
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