Liberty Global PLC (NASDAQ:LBTYA) Director J David Wargo bought 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $22.08 per share, for a total transaction of $1,656,000.00. Following the completion of the transaction, the director now directly owns 119,445 shares of the company’s stock, valued at approximately $2,637,345.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Liberty Global PLC (LBTYA) opened at $29.76 on Tuesday. The company has a market capitalization of $24,385.41, a P/E ratio of 36.24 and a beta of 1.62. Liberty Global PLC has a 52 week low of $28.17 and a 52 week high of $37.69. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Standard Life Investments LTD bought a new position in shares of Liberty Global PLC during the second quarter valued at approximately $105,000. D.A. Davidson & CO. grew its stake in Liberty Global PLC by 69.6% in the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock worth $107,000 after purchasing an additional 1,374 shares in the last quarter. Commonwealth Bank of Australia grew its stake in Liberty Global PLC by 96.7% in the second quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock worth $150,000 after purchasing an additional 2,316 shares in the last quarter. Jacobi Capital Management LLC grew its stake in Liberty Global PLC by 1.1% in the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock worth $162,000 after purchasing an additional 57 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC bought a new position in Liberty Global PLC in the third quarter worth approximately $173,000. 21.82% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on LBTYA. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, October 31st. Jefferies Group LLC set a $42.00 target price on Liberty Global PLC and gave the stock a “buy” rating in a research report on Monday, October 30th. Barclays PLC boosted their target price on Liberty Global PLC from $40.00 to $43.50 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Royal Bank Of Canada reissued an “outperform” rating and set a $40.00 price objective on shares of Liberty Global PLC in a research note on Monday, October 2nd. Finally, Buckingham Research began coverage on Liberty Global PLC in a research note on Friday, September 29th. They set a “buy” rating and a $44.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $40.13.
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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