Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has continued accumulating a stake in American satellite and online radio services entity SiriusXM Holdings (NASDAQ: SIRI), bringing its ownership to at least 35%.
In the latest transactions, Buffett splashed $54 million in separate purchases of 2.3 million SIRI shares on January 30, January 31, and February 3, according to the Securities and Exchange Commission (SEC) filings.
Berkshire Hathaway made the purchases at an average price of $23.37 per share, bringing Buffett’s total stake in the company to over 119.7 million shares, representing 35.35% ownership.
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Other purchases in the company by the Oracle of Omaha were initiated in October and December 2024, totaling nearly $300 million.
Buffett’s SIRI stock investments
Notably, Berkshire first bought Liberty Media’s trackers in 2016 and began moving into SiriusXM’s tracking stocks in early 2024.
Liberty Media, spun off from TCI after AT&T’s acquisition, has grown through strategic acquisitions, including a controlling stake in SiriusXM following the 2008 Sirius-XM merger.
After a share conversion in 2009, Liberty achieved majority control by 2013. In 2024, it streamlined ownership by forming ‘New SiriusXM,’ merging Liberty SiriusXM tracking stocks into a single publicly traded entity, SIRI.
Buffett has remained silent regarding his purchases in SIRI, though he is known for his long-term investing strategy, which involves acquiring stocks in companies with strong fundamentals and consistent earnings.
Overall, SiriusXM is among the equities Berkshire Hathaway has shown a preference for in recent quarters. Other recent purchases include struggling Occidental Petroleum (NYSE: OXY).
SIRI stock recovery
Although SIRI stock had a rough 2024, it is looking to turn a new leaf in 2025, receiving a boost from the recent earnings report.
For the last three months of 2024, SiriusXM Holdings beat analyst estimates, reporting $2.19 billion in Q4 revenue and $8.7 billion for the entire year.
Part of the impressive returns was driven by growing subscriber acquisitions and notable partnerships with leading electric vehicle manufacturers such as Tesla (NASDAQ: TSLA), allowing users to send voice commands through Apple’s virtual assistant.
At the same time, the company is banking on further growth after unveiling its refreshed strategic plan, prioritizing its core subscription business to improve efficiency.
SiriusXM ALSO aims to achieve $200 million in annual savings by the end of 2025, reduce debt by $700 million, and maintain its quarterly dividend for shareholders.
SIRI stock price analysis
At the close of the last trading session, SIRI was trading at $25.44, down about 0.8%. However, so far in 2025, the equity is up 15% year-to-date.
Regarding the next stock price movement, a consensus of 12 Wall Street analysts at TipRanks projects a downside for the equity over the next 12 months. According to experts, SIRI is likely to trade at an average price of $23.85, reflecting a downside of about 6.25%.
The highest forecast is $32, while the lowest projected SIRI share price in the next year is $16. Overall, analysts remain cautious, maintaining a ‘Hold’ rating.
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