Sirius XM Holdings remains a favorite of Warren Buffett, despite potential pressure from an economic slowdown and ad market weakness in 2025. The radio broadcasting company is focusing on new subscription tiers, including plans to introduce an ad-supported tier to attract more budget-conscious consumers. Buffett's Berkshire Hathaway has increased its stake in Sirius XM to 120 million shares.
On Friday, BofA analyst Jessica Reif Ehrlich reiterated an Underperform on Sirius XM Holdings SIRI with a price target of $21.
Sirius XM offers a predictable revenue stream through its subscription-based model and has strong operating margins and cash flow. Warren Buffett's Berkshire Hathaway owns 35% of SIRI. Despite lower returns on capital recently, the Company has historically had strong capital returns, making it a solid value pick.
This year's market correction sent many stocks sliding, creating opportunities to pick up shares of some good companies at a discount. Sirius XM Holdings (SIRI 1.17%) is one such business, but its stock was struggling well before this latest period of market volatility.
To say that SiriusXM (SIRI 2.09%) has underperformed the stock market would be a big understatement. The stock declined by nearly 60% in 2024 -- a year when the S&P 500 increased by more than 20%.
One of the richest men in the world, Warren Buffett famously loves legal monopolies, businesses with moats so big as to prevent more than one company from competing in the market they dominate.
In the latest trading session, Sirius XM (SIRI) closed at $23.47, marking a +1.87% move from the previous day.
Since last Friday, shares of the digital audio company Sirius XM Holdings (SIRI -2.98%) are now trading 13.5% lower as of 1:52 p.m. ET Thursday.
Shares of Warren Buffett holding Sirius XM (SIRI -5.72%) were falling hard today in spite of the rest of the market attempting a comeback after Monday's huge marketwide plunge. Sirius' stock was down as much as 10% on the day at one point before recovering to a 6% decline as of 3:20 p.m.
Sirius XM Holdings Inc. (NASDAQ:SIRI ) Annual Deutsche Bank Media, Internet & Telecom Conference March 11, 2025 11:20 AM ET Company Participants Tom Barry - Chief Financial Officer Conference Call Participants Bryan Kraft - Deutsche Bank Bryan Kraft Okay. Thanks for joining us.
Is Warren Buffett the new king of all media? Sirius XM Holdings (SIRI 6.23%) is growing into a significant position for Berkshire Hathaway (BRK.A -0.56%) (BRK.B -0.45%).
Sirius XM Holdings Inc. (NASDAQ:SIRI ) Morgan Stanley Technology, Media & Telecom Conference March 5, 2024 1:45 PM ET Company Participants Jennifer Witz - Chief Executive Officer Conference Call Participants Cameron Mansson-Perrone - Morgan Stanley Cameron Mansson-Perrone Alright, hello and welcome everyone. I'm Cameron Mansson-Perrone, Morgan Stanley music live event analyst.