Brokerages Set Liberty Global Ltd. (NASDAQ:LBTYA) Target Price at $21.76

Liberty Global Ltd. (NASDAQ:LBTYA) has earned an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $18.94.

Several equities research analysts recently issued reports on LBTYA shares. Barclays decreased their price target on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 25th. Benchmark reissued a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research report on Tuesday, October 29th. UBS Group downgraded 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 report on Monday, November 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $13.10 to $12.60 in a report on Friday.

Insider Buying and Selling at Liberty Global

In related 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 shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.51% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after acquiring an additional 601 shares during the last quarter. Blue Trust Inc. increased its stake in Liberty Global by 110.3% in the 3rd 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 bought a new stake in Liberty Global in the second quarter valued at approximately $75,000. Whittier Trust Co. boosted its stake 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 valued at $156,000 after purchasing an additional 8,900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 buying an additional 8,754 shares during the period. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $13.42 on Thursday. The company has a market cap of $4.80 billion, a P/E ratio of -1.32 and a beta of 1.24. The company has a fifty day simple moving average of $18.02 and a 200 day simple moving average of $18.40. 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 has a 12-month low of $10.93 and a 12-month high of $21.56.

About Liberty Global

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.