BNP Paribas Financial Markets Increases Stake in Liberty Global Ltd. (NASDAQ:LBTYA)

BNP Paribas Financial Markets increased its position in Liberty Global Ltd. (NASDAQ:LBTYA) by 10.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 121,437 shares of the company’s stock after acquiring an additional 11,077 shares during the quarter. BNP Paribas Financial Markets’ holdings in Liberty Global were worth $1,550,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC increased its holdings in Liberty Global by 333.3% in the 4th quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock worth $221,730,000 after acquiring an additional 13,366,743 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Liberty Global by 22.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company’s stock valued at $77,482,000 after buying an additional 1,117,935 shares in the last quarter. Vanguard Group Inc. grew its holdings in Liberty Global by 55.3% during the 4th quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company’s stock valued at $66,865,000 after buying an additional 1,866,197 shares in the last quarter. Norges Bank purchased a new position in Liberty Global during the 4th quarter valued at about $48,381,000. Finally, Franklin Resources Inc. grew its holdings in Liberty Global by 65.4% during the 4th quarter. Franklin Resources Inc. now owns 2,659,730 shares of the company’s stock valued at $33,938,000 after buying an additional 1,051,458 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $9.75 on Monday. The business has a 50 day moving average of $10.68 and a 200 day moving average of $12.13. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 2.33 and a beta of 1.23. Liberty Global Ltd. has a 1-year low of $9.03 and a 1-year high of $21.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.83) by ($3.01). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. On average, sell-side analysts predict that Liberty Global Ltd. will post -1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on LBTYA shares. Sanford C. Bernstein lowered Liberty Global from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $24.70 to $12.40 in a report on Thursday, January 23rd. UBS Group reduced their target price on Liberty Global from $13.00 to $10.60 and set a “neutral” rating for the company in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Barclays set a $11.00 target price on Liberty Global and gave the company an “equal weight” rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.94.

About Liberty Global

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.