JPMorgan Chase & Co. Cuts Stock Position in Liberty Global Ltd. (NASDAQ:LBTYA)

JPMorgan Chase & Co. trimmed its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 67.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,770 shares of the company's stock after selling 410,610 shares during the quarter. JPMorgan Chase & Co. owned 0.06% of Liberty Global worth $2,562,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Liberty Global by 58.1% during the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock worth $38,000 after acquiring an additional 1,081 shares during the period. Spire Wealth Management purchased a new stake in Liberty Global during the 4th quarter worth about $59,000. VisionPoint Advisory Group LLC acquired a new stake in Liberty Global in the 4th quarter valued at about $123,000. Yousif Capital Management LLC purchased a new position in shares of Liberty Global in the 4th quarter valued at about $128,000. Finally, Private Advisor Group LLC grew its position in shares of Liberty Global by 62.3% during the fourth quarter. Private Advisor Group LLC now owns 18,040 shares of the company's stock worth $230,000 after buying an additional 6,927 shares in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LBTYA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Liberty Global from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Liberty Global currently has a consensus rating of "Hold" and an average price target of $17.43.

Liberty Global Trading Up 2.3 %

Shares of Liberty Global stock opened at $10.56 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $13.51. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 2.52 and a beta of 1.25. Liberty Global Ltd. has a 12-month low of $9.84 and a 12-month high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, equities analysts forecast that Liberty Global Ltd. will post -1.35 EPS for the current fiscal year.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.

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