Liberty Global PLC (NASDAQ:LBTYA) had its target price reduced by Pivotal Research from $42.00 to $41.00 in a report issued on Tuesday, July 18th, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Pivotal Research’s price target indicates a potential upside of 20.52% from the company’s previous close.
Several other brokerages have also commented on LBTYA. Macquarie reiterated a “buy” rating and issued a $36.00 target price (down previously from $40.00) on shares of Liberty Global PLC in a research report on Wednesday, June 21st. UBS AG initiated coverage on Liberty Global PLC in a report on Friday, June 16th. They issued a “neutral” rating and a $31.00 price target on the stock. ValuEngine raised Liberty Global PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub raised Liberty Global PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Finally, Jefferies Group LLC set a $43.00 price objective on Liberty Global PLC and gave the stock a “buy” rating in a research note on Saturday, June 17th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.85.
Shares of Liberty Global PLC (LBTYA) traded up 0.15% on Tuesday, reaching $34.02. 1,721,538 shares of the company’s stock traded hands. The firm has a market capitalization of $34.14 billion, a P/E ratio of 37.38 and a beta of 1.67. Liberty Global PLC has a 52 week low of $28.17 and a 52 week high of $37.69. The firm’s 50 day moving average is $32.71 and its 200 day moving average is $33.56.
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In related news, Director John C. Malone purchased 242,778 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were bought at an average price of $24.83 per share, with a total value of $6,028,177.74. Following the purchase, the director now directly owns 927,830 shares in the company, valued at approximately $23,038,018.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone acquired 223,186 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average price of $21.76 per share, with a total value of $4,856,527.36. Following the transaction, the director now owns 761,816 shares in the company, valued at $16,577,116.16. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,610,000 shares of company stock worth $37,412,081. 3.93% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in LBTYA. Decatur Capital Management Inc. purchased a new stake in Liberty Global PLC during the first quarter worth approximately $458,000. Everett Harris & Co. CA purchased a new position in Liberty Global PLC during the first quarter worth about $201,000. Janney Montgomery Scott LLC boosted its position in Liberty Global PLC by 15.4% in the first quarter. Janney Montgomery Scott LLC now owns 7,875 shares of the company’s stock worth $282,000 after buying an additional 1,050 shares during the period. First Mercantile Trust Co. boosted its position in Liberty Global PLC by 22.5% in the first quarter. First Mercantile Trust Co. now owns 12,484 shares of the company’s stock worth $448,000 after buying an additional 2,292 shares during the period. Finally, Howard Hughes Medical Institute boosted its position in Liberty Global PLC by 38.8% in the first quarter. Howard Hughes Medical Institute now owns 17,247 shares of the company’s stock worth $619,000 after buying an additional 4,823 shares during the period. Institutional investors and hedge funds own 22.80% of the company’s stock.
Liberty Global PLC Company Profile
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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