Liberty Global PLC (NASDAQ:LBTYA) has been assigned an average rating of “Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $40.58.
Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Morgan Stanley raised their price target on shares of Liberty Global PLC from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Zacks Investment Research raised shares of Liberty Global PLC from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. ValuEngine downgraded shares of Liberty Global PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG started coverage on shares of Liberty Global PLC in a research report on Wednesday. They set a “buy” rating and a $43.00 target price on the stock.
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In related news, Director David E. Rapley sold 2,985 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $32.81, for a total value of $97,937.85. Following the completion of the sale, the director now owns 14,795 shares of the company’s stock, valued at approximately $485,423.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone purchased 139,052 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was bought at an average cost of $21.74 per share, with a total value of $3,022,990.48. Following the acquisition, the director now owns 761,816 shares in the company, valued at approximately $16,561,879.84. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,610,000 shares of company stock valued at $37,412,081. 3.93% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in Liberty Global PLC by 0.6% in the 2nd quarter. Franklin Resources Inc. now owns 8,610 shares of the company’s stock worth $277,000 after acquiring an additional 48 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in Liberty Global PLC by 1.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock worth $162,000 after acquiring an additional 57 shares in the last quarter. MAI Capital Management increased its holdings in Liberty Global PLC by 0.7% in the 1st quarter. MAI Capital Management now owns 9,255 shares of the company’s stock worth $332,000 after acquiring an additional 60 shares in the last quarter. AXA increased its holdings in Liberty Global PLC by 3.3% in the 2nd quarter. AXA now owns 9,476 shares of the company’s stock worth $305,000 after acquiring an additional 300 shares in the last quarter. Finally, High Pointe Capital Management LLC increased its holdings in Liberty Global PLC by 5.7% in the 2nd quarter. High Pointe Capital Management LLC now owns 6,670 shares of the company’s stock worth $214,000 after acquiring an additional 360 shares in the last quarter. 22.05% of the stock is owned by institutional investors.
Shares of Liberty Global PLC (LBTYA) traded down 1.33% during trading on Tuesday, reaching $32.62. 2,611,321 shares of the company were exchanged. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 20.65 and a beta of 1.66. The stock’s 50 day moving average is $33.79 and its 200 day moving average is $33.28. Liberty Global PLC has a 1-year low of $28.17 and a 1-year high of $37.69.
About Liberty Global PLC
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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