Liberty Global Ltd. (NASDAQ:LBTYK) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,353,598 shares of the company's stock after selling 248,870 shares during the quarter. Geode Capital Management LLC owned approximately 0.94% of Liberty Global worth $72,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Liberty Global by 127.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 549,496 shares of the company's stock valued at $9,808,000 after purchasing an additional 308,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Liberty Global by 51.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,249 shares of the company's stock valued at $986,000 after acquiring an additional 18,724 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Liberty Global in the 2nd quarter valued at $228,000. Rothschild Investment LLC bought a new position in shares of Liberty Global in the 2nd quarter worth $71,000. Finally, Rhumbline Advisers boosted its position in Liberty Global by 353.0% during the second quarter. Rhumbline Advisers now owns 154,788 shares of the company's stock valued at $2,763,000 after purchasing an additional 120,620 shares in the last quarter. Institutional investors own 46.10% of the company's stock.

Liberty Global Stock Performance

NASDAQ LBTYK traded down $0.17 on Friday, hitting $12.96. 5,120,353 shares of the company's stock traded hands, compared to its average volume of 1,862,053. The firm's 50-day moving average price is $16.74 and its two-hundred day moving average price is $18.57. The firm has a market capitalization of $4.63 billion, a PE ratio of -1.28 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global Ltd. has a 1-year low of $11.25 and a 1-year high of $22.14.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Liberty Global in a report on Thursday, November 14th. They issued a "hold" rating on the stock.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 53,312 shares of the company's stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.86% of the stock is currently owned by corporate insiders.

Liberty Global 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.