Traders Purchase High Volume of Call Options on Sirius XM (NASDAQ:SIRI)

Posted by Stanley Muller on Jul 3rd, 2026

Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders purchased 31,882 call options on the stock. This is an increase of 92% compared to the average daily volume of 16,617 call options.

Wall Street Analysts Forecast Growth

SIRI has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Barrington Research boosted their price target on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Rosenblatt Securities reduced their price target on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Evercore set a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 1st. Finally, Guggenheim reaffirmed a “buy” rating on shares of Sirius XM in a report on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.45.

View Our Latest Analysis on SIRI

Sirius XM Price Performance

SIRI stock opened at $30.51 on Friday. The company has a market capitalization of $10.27 billion, a P/E ratio of 12.87, a PEG ratio of 0.65 and a beta of 0.95. Sirius XM has a twelve month low of $19.76 and a twelve month high of $30.61. The business has a 50 day simple moving average of $27.78 and a 200-day simple moving average of $23.92. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83.

Sirius XM (NASDAQ:SIRI – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the company posted $0.59 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Sirius XM will post 3.1 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is presently 45.57%.

Insider Activity

In other news, insider Scott Andrew Greenstein sold 20,744 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the sale, the insider owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. This trade represents a 50.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.27% of the company’s stock.

Institutional Investors Weigh In On Sirius XM

A number of institutional investors and hedge funds have recently made changes to their positions in SIRI. Sunbelt Securities Inc. boosted its stake in shares of Sirius XM by 158.5% during the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after buying an additional 794 shares during the period. Root Financial Partners LLC increased its position in Sirius XM by 612.8% in the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after acquiring an additional 1,195 shares during the period. Western Wealth Management LLC purchased a new stake in Sirius XM during the 1st quarter valued at approximately $33,000. Altshuler Shaham Ltd raised its stake in Sirius XM by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after acquiring an additional 417 shares during the last quarter. Finally, Rossby Financial LCC lifted its position in Sirius XM by 57.7% during the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after acquiring an additional 593 shares during the period. 10.69% of the stock is owned by hedge funds and other institutional investors.

About Sirius XM

(Get Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.