Barclays PLC grew its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 153.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 496,045 shares of the company's stock after purchasing an additional 300,126 shares during the period. Barclays PLC owned approximately 0.14% of Liberty Global worth $10,471,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company's stock valued at $27,000 after purchasing an additional 601 shares in the last quarter. Blue Trust Inc. grew its holdings in Liberty Global by 110.3% in the third quarter. Blue Trust Inc. now owns 1,859 shares of the company's stock worth $39,000 after purchasing an additional 975 shares during the period. nVerses Capital LLC purchased a new stake in Liberty Global in the second quarter worth about $75,000. Whittier Trust Co. grew its holdings in Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company's stock worth $156,000 after purchasing an additional 8,900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Liberty Global by 4,512.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company's stock worth $156,000 after purchasing an additional 8,754 shares during the period. Institutional investors own 37.20% of the company's stock.
Liberty Global Stock Down 2.5 %
Shares of Liberty Global stock traded down $0.32 on Tuesday, reaching $12.45. The stock had a trading volume of 1,893,238 shares, compared to its average volume of 1,888,450. The company has a 50 day moving average price of $16.87 and a 200 day moving average price of $18.25. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global Ltd. has a 1 year low of $10.93 and a 1 year high of $21.56. The stock has a market capitalization of $4.45 billion, a P/E ratio of -1.23 and a beta of 1.24.
Insider Transactions at Liberty Global
In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now owns 53,312 shares of the company's stock, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.51% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Benchmark restated a "buy" rating and set a $27.00 price objective on shares of Liberty Global in a research report on Tuesday, October 29th. UBS Group cut shares of Liberty Global from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Barclays cut their target price on shares of Liberty Global from $20.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Liberty Global from $38.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Finally, Bank of America cut shares of Liberty Global from a "neutral" rating to an "underperform" rating and cut their target price for the company from $13.10 to $12.60 in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $18.94.
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Liberty Global Profile
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Free Report)
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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