Liberty Global Ltd. (NASDAQ:LBTYA) Major Shareholder Sells $737,580.00 in Stock

Liberty Global Ltd. (NASDAQ:LBTYA) major shareholder Nicholas V. Tompras sold 57,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.94, for a total transaction of $737,580.00. Following the sale, the insider now directly owns 16,153 shares in the company, valued at approximately $209,019.82. The trade was a 77.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $11.09 on Tuesday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of -1.09 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global Ltd. has a 1-year low of $10.93 and a 1-year high of $21.56. The firm’s fifty day moving average price is $12.34 and its 200 day moving average price is $16.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. ACR Alpine Capital Research LLC lifted its position in Liberty Global by 333.3% in the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock valued at $221,730,000 after purchasing an additional 13,366,743 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Liberty Global by 2,799.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock worth $98,079,000 after buying an additional 4,485,823 shares in the last quarter. State Street Corp lifted its holdings in shares of Liberty Global by 36.8% in the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after buying an additional 705,780 shares during the period. Geode Capital Management LLC grew its holdings in Liberty Global by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company’s stock worth $47,778,000 after acquiring an additional 141,749 shares during the period. Finally, Mirabella Financial Services LLP raised its position in Liberty Global by 16.6% in the third quarter. Mirabella Financial Services LLP now owns 2,113,665 shares of the company’s stock worth $44,619,000 after acquiring an additional 300,305 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LBTYA has been the topic of several research analyst reports. Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $13.10 to $12.60 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Sanford C. Bernstein lowered Liberty Global from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $13.00 in a report on Monday, November 18th. Finally, Barclays cut their target price on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.75.

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.