State Street Corp Acquires 705,780 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

State Street Corp lifted its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 36.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,624,307 shares of the company’s stock after buying an additional 705,780 shares during the quarter. State Street Corp’s holdings in Liberty Global were worth $55,399,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Liberty Global by 63.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after buying an additional 601 shares during the period. Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 975 shares during the last quarter. nVerses Capital LLC acquired a new stake in Liberty Global in the second quarter valued at approximately $75,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Liberty Global by 4,512.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after acquiring an additional 8,754 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Liberty Global by 21,707.3% during 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 last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $12.26 on Thursday. The firm has a 50 day moving average of $16.70 and a 200-day moving average of $18.21. The company has a market cap of $4.38 billion, a price-to-earnings ratio of -1.21 and a beta of 1.24. 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 52 week low of $10.93 and a 52 week high of $21.56.

Insider Buying and Selling at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.51% of the company’s stock.

Analysts Set New Price Targets

LBTYA has been the subject of several analyst reports. Barclays dropped their price target 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 decreased their price target on Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Benchmark reissued a “buy” rating and set a $27.00 target price on shares of Liberty Global in a research report on Tuesday, October 29th. Finally, Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $13.10 to $12.60 in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.94.

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.