Liberty Global Ltd. (NASDAQ:LBTYA) EVP Andrea Salvato Sells 32,403 Shares of Stock

Liberty Global Ltd. (NASDAQ:LBTYAGet Free Report) EVP Andrea Salvato sold 32,403 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $17.70, for a total value of $573,533.10. Following the transaction, the executive vice president now directly owns 102,286 shares of the company’s stock, valued at approximately $1,810,462.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Global Stock Down 1.9 %

Shares of Liberty Global stock opened at $16.60 on Tuesday. The stock has a 50-day moving average price of $18.14 and a 200 day moving average price of $17.27. The company has a market cap of $6.27 billion, a P/E ratio of -1.77 and a beta of 1.18. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. Liberty Global Ltd. has a 1 year low of $15.01 and a 1 year high of $20.56.

Liberty Global (NASDAQ:LBTYAGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($7.88). The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. As a group, analysts expect that Liberty Global Ltd. will post -0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently bought and sold shares of LBTYA. Captrust Financial Advisors raised its stake in shares of Liberty Global by 40.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,821 shares of the company’s stock worth $38,000 after purchasing an additional 520 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Liberty Global by 10.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,633 shares of the company’s stock worth $143,000 after purchasing an additional 545 shares in the last quarter. Kinneret Advisory LLC raised its stake in shares of Liberty Global by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 40,288 shares of the company’s stock worth $1,044,000 after purchasing an additional 901 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Liberty Global by 1.6% during the 1st quarter. 1832 Asset Management L.P. now owns 62,515 shares of the company’s stock worth $1,219,000 after purchasing an additional 961 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Liberty Global by 15.2% during the 2nd quarter. Osaic Holdings Inc. now owns 7,360 shares of the company’s stock worth $113,000 after purchasing an additional 971 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on LBTYA. Barclays raised their target price on Liberty Global from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, January 12th. UBS Group decreased their price target on Liberty Global from $23.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, February 26th. New Street Research reiterated a “neutral” rating on shares of Liberty Global in a research report on Wednesday, February 28th. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a research report on Friday, February 23rd. Finally, HSBC lowered Liberty Global from a “buy” rating to a “hold” rating and decreased their price target for the company from $26.00 to $20.00 in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.36.

View Our Latest Stock Analysis on Liberty Global

About Liberty Global

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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.

Further Reading

Insider Buying and Selling by Quarter for Liberty Global (NASDAQ:LBTYA)

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