Liberty Global (NASDAQ:LBTYA) Stock: Insider Michael Fries Acquires 110,000 Shares

Liberty Global Ltd (NASDAQ:LBTYA) CEO Michael Fries bought 110,000 shares of Liberty Global stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average price of $9.37 per share, with a total value of $1,030,700.00. Following the purchase, the chief executive officer owned 1,238,525 shares of the company’s stock, valued at $11,604,979.25. This trade represents a 9.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Liberty Global Stock Performance

LBTYA stock traded up $0.10 during trading on Thursday, reaching $9.68. 1,519,094 shares of the stock were exchanged, compared to its average volume of 2,724,727. Liberty Global Ltd has a twelve month low of $7.36 and a twelve month high of $13.52. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.30 billion, a P/E ratio of -1.31 and a beta of 1.06. The stock has a 50 day simple moving average of $9.26 and a 200-day simple moving average of $10.98.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.64. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.71 billion. As a group, sell-side analysts anticipate that Liberty Global Ltd will post -1.47 earnings per share for the current year.

Institutional Trading of Liberty Global

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position in Liberty Global by 42.1% in the second quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock valued at $52,000 after acquiring an additional 1,360 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Global by 54.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock valued at $74,000 after acquiring an additional 2,137 shares during the period. Trust Co. of Vermont bought a new position in shares of Liberty Global during the second quarter valued at $76,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Liberty Global in the 3rd quarter valued at $105,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Liberty Global in the 3rd quarter valued at $127,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 29th. Barclays reduced their target price on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. UBS Group decreased their price target on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. New Street Research upgraded shares of Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 20th. Finally, Wall Street Zen raised shares of Liberty Global to a “sell” rating in a report on Saturday, October 17th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.78.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.