Liberty Global Target of Unusually Large Options Trading (NASDAQ:LBTYA)

Posted by Defense World Staff on May 13th, 2023

Liberty Global plc (NASDAQ:LBTYA – Get Rating) was the recipient of unusually large options trading on Thursday. Stock investors acquired 22,936 call options on the company. This represents an increase of 1,679% compared to the typical volume of 1,289 call options.

Insiders Place Their Bets

In related news, EVP Bryan H. Hall sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $19.77, for a total transaction of $197,700.00. Following the sale, the executive vice president now owns 126,497 shares in the company, valued at approximately $2,500,845.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Bryan H. Hall sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $20.04, for a total value of $120,240.00. Following the transaction, the executive vice president now owns 120,497 shares of the company’s stock, valued at approximately $2,414,759.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bryan H. Hall sold 10,000 shares of the stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $19.77, for a total value of $197,700.00. Following the completion of the sale, the executive vice president now directly owns 126,497 shares of the company’s stock, valued at $2,500,845.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,000 shares of company stock worth $421,740. Company insiders own 9.86% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new position in Liberty Global in the first quarter worth about $1,700,000. Captrust Financial Advisors lifted its stake in Liberty Global by 40.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,821 shares of the company’s stock valued at $38,000 after acquiring an additional 520 shares during the period. CVA Family Office LLC grew its stake in shares of Liberty Global by 272.3% in the fourth quarter. CVA Family Office LLC now owns 2,420 shares of the company’s stock worth $46,000 after acquiring an additional 1,770 shares during the period. Franklin Resources Inc. grew its stake in shares of Liberty Global by 67.4% in the fourth quarter. Franklin Resources Inc. now owns 2,699 shares of the company’s stock worth $51,000 after acquiring an additional 1,087 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of Liberty Global during the fourth quarter valued at approximately $56,000. Institutional investors own 31.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LBTYA. Deutsche Bank Aktiengesellschaft increased their target price on Liberty Global from $32.00 to $36.00 in a research report on Thursday, April 27th. Benchmark reiterated a “buy” rating and set a $33.00 price target on shares of Liberty Global in a research report on Wednesday, March 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Liberty Global from $27.00 to $24.40 and set a “neutral” rating on the stock in a research note on Tuesday, March 21st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.34.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $17.23 on Friday. The stock has a market cap of $7.86 billion, a P/E ratio of 1.28 and a beta of 1.25. The firm’s fifty day simple moving average is $18.91 and its 200 day simple moving average is $19.53. Liberty Global has a twelve month low of $15.22 and a twelve month high of $25.13. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.57.

About Liberty Global

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Liberty Global Plc operates as an international converged fixed and mobile communications company, which engages in the provision of connectivity and entertainment and connectivity services. It operates through the following geographical segments: Switzerland, Belgium, U.K., Ireland, and Central and Other.