LSXMA Stock Recent News
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Berkshire Hathaway (NYSE: BRK.A), the investment firm founded and headed by Warren Buffett, recently acquired 4.3 million shares of Liberty Sirius XM (NASDAQ: LSXMA) for approximately $116.58 million, as revealed in filings with the U.S. Securities and Exchange Commission (SEC).
Formula One (F1) owner Liberty Media (FWONK) is expanding its reach into motorsports by purchasing Dorna Sports, the owner of the rights to the MotoGP World Championship.
Liberty Media Corp. said Monday it has reached an agreement to acquire Dorna Sports S.L., which owns the rights to the MotoGP World Championship, from Bridgepoint and Canada Pension Plan Investment Board in a deal with an enterprise value of 4.2 billion euros ($4.5 billion).
Yet again, the Oracle of Omaha has bolstered his stake in a media giant's tracking stocks.
Warren Buffett has been busy during a relatively quiet week, as he has been bulking up his stake on Liberty SiriusXM tracking stocks.
Warren Buffett, the well-known investor and Chairman of Berkshire Hathaway (NYSE: BRKA, BRKB), has expanded the company's already extensive portfolio by purchasing shares in the Liberty SiriusXM Group (NASDAQ: LSXMA).
Warren Buffett is known as being a patient investor. But is he too patient with five stocks, including some in the S&P 500?
Sirius XM stock is moving lower for the fifth year in a row, but that trend could reverse. Revenue growth may have stalled, but the catalysts are there for it to return to growth in 2024.
Overall, the number of notable insider purchases may have dwindled with the earnings-reporting season in full swing, but there were still some huge, headline-making buys in the past week or so.
The number of notable insider purchases in mid-January may have been somewhat small, but a couple from the Oracle of Omaha made headlines.