Deutsche Bank AG Acquires 4,890 Shares of Liberty Global PLC (LBTYA)
Deutsche Bank AG raised its holdings in Liberty Global PLC (NASDAQ:LBTYA) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 296,941 shares of the company’s stock after purchasing an additional 4,890 shares during the quarter. Deutsche Bank AG’s holdings in Liberty Global were worth $6,334,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of LBTYA. Vanguard Group Inc. boosted its holdings in Liberty Global by 326.5% in the third quarter. Vanguard Group Inc. now owns 13,327,704 shares of the company’s stock valued at $377,705,000 after purchasing an additional 10,202,577 shares during the last quarter. Norges Bank purchased a new stake in Liberty Global in the fourth quarter valued at $81,341,000. Harris Associates L P boosted its holdings in Liberty Global by 8.9% in the fourth quarter. Harris Associates L P now owns 25,294,509 shares of the company’s stock valued at $539,784,000 after purchasing an additional 2,057,810 shares during the last quarter. AMF Pensionsforsakring AB purchased a new stake in Liberty Global in the fourth quarter valued at $15,346,000. Finally, BlackRock Inc. boosted its holdings in Liberty Global by 5.7% in the fourth quarter. BlackRock Inc. now owns 11,815,739 shares of the company’s stock valued at $252,148,000 after purchasing an additional 638,945 shares during the last quarter. 23.52% of the stock is currently owned by institutional investors.
In related news, EVP Bryan H. Hall sold 3,744 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $26.11, for a total transaction of $97,755.84. Following the completion of the transaction, the executive vice president now owns 72,005 shares in the company, valued at approximately $1,880,050.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David E. Rapley sold 13,952 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $27.10, for a total transaction of $378,099.20. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at approximately $186,014.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,696 shares of company stock valued at $958,455. Insiders own 5.93% of the company’s stock.
Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Wednesday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter. Liberty Global had a net margin of 5.53% and a negative return on equity of 20.19%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.97 billion. Sell-side analysts forecast that Liberty Global PLC will post -0.09 earnings per share for the current fiscal year.
LBTYA has been the topic of several recent analyst reports. ValuEngine lowered shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. BidaskClub raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Zacks Investment Research raised shares of Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 17th. HSBC set a $32.00 target price on shares of Liberty Global and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Finally, Pivotal Research reissued a “buy” rating and set a $32.00 target price on shares of Liberty Global in a research note on Wednesday, February 27th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.75.
About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
Featured Story: Does the discount rate affect the economy?
Want to see what other hedge funds are holding LBTYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Global PLC (NASDAQ:LBTYA).
Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.