Skip to content

Warren Buffett just invested $37 million in this stock

Warren Buffett just invested $37 million in this stock
Elmaz Sabovic

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).

Between March 21 and March 25, Buffett executed transactions involving the acquisition of 1,276,439 LSXMK shares at a trading price of $28.83. This totaled over $36 million and increased Berkshire Hathaway’s holdings in the company to 57,886,716 shares.

During the same period, Buffett also bought 1,282,569 LSXMA shares at an average price of $28.80, totaling nearly $37 million in purchases and bringing the ownership to 30,234,193 shares.

The distinction lies in the voting rights: Series A common stock grants one vote per share, whereas Series C common stock is non-voting.

Buffett’s long history with the media

Led by Warren Buffett and boasting ownership in over 65 companies across various sectors, Berkshire Hathaway has a strong history of involvement in media and entertainment enterprises.

The 93-year-old billionaire has a significant connection to the industry, having previously owned 30 daily newspapers, including his hometown paper, the Omaha World-Herald, as part of Berkshire’s print publishing unit, BH Media Group.

Despite the challenges faced by the media industry, Buffett, a lifelong enthusiast of newspapers, has maintained enduring interest. Notably, The Washington Post was a key asset in Berkshire’s portfolio until it was sold to Jeff Bezos of Amazon (NASDAQ: AMZN) in 2014 for $250 million.

LSXMA stock price chart

Since the markets closed on March 25, LSXMA stock has been trading at $28.86, showing a gain of 0.38% compared to the previous closing price. However, there has been a retracement of -2.76% during the five trading sessions period.

When examining the chart since the beginning of 2024, LSXMA stock has experienced a loss of -1.20% in its value.

LSXMA stock YTD price chart. Source: Google Finance
LSXMA stock YTD price chart. Source: Google Finance

It’s difficult to determine whether Buffett intends to eventually take over this company or if he’s simply purchasing a stake out of nostalgia. However, with the sage of Omaha, there’s always something to learn, and perhaps this acquisition serves as a lesson to investors.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.