Liberty Global PLC (LBTYA) Shares Sold by RiverPark Advisors LLC
RiverPark Advisors LLC lowered its position in shares of Liberty Global PLC (NASDAQ:LBTYA) by 70.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,400 shares of the company’s stock after selling 33,700 shares during the period. RiverPark Advisors LLC’s holdings in Liberty Global PLC were worth $463,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in LBTYA. Searle & CO. bought a new stake in shares of Liberty Global PLC during the first quarter worth $620,000. Ameritas Investment Partners Inc. bought a new stake in shares of Liberty Global PLC during the first quarter worth $163,000. Simplex Trading LLC bought a new stake in shares of Liberty Global PLC during the second quarter worth $164,000. Everett Harris & Co. CA bought a new stake in shares of Liberty Global PLC during the first quarter worth $201,000. Finally, Waldron LP bought a new stake in shares of Liberty Global PLC during the first quarter worth $209,000. Institutional investors own 22.53% of the company’s stock.
Shares of Liberty Global PLC (LBTYA) opened at 34.33 on Wednesday. The stock has a market cap of $34.45 billion, a P/E ratio of 37.73 and a beta of 1.67. The firm’s 50-day moving average is $32.95 and its 200 day moving average is $33.51. Liberty Global PLC has a 52-week low of $28.17 and a 52-week high of $37.69.
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Several equities research analysts have recently commented on LBTYA shares. Jefferies Group LLC set a $43.00 price target on shares of Liberty Global PLC and gave the company a “buy” rating in a report on Saturday, June 17th. UBS AG started coverage on shares of Liberty Global PLC in a report on Friday, June 16th. They issued a “neutral” rating and a $31.00 price target for the company. BidaskClub upgraded shares of Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Morgan Stanley boosted their price target on shares of Liberty Global PLC from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $39.85.
In related news, Director John C. Malone acquired 223,186 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were bought at an average price of $21.76 per share, with a total value of $4,856,527.36. Following the completion of the acquisition, the director now owns 761,816 shares in the company, valued at $16,577,116.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone acquired 519,592 shares of the business’s stock in a transaction on Monday, July 10th. The shares were bought at an average cost of $24.34 per share, for a total transaction of $12,646,869.28. Following the acquisition, the director now owns 927,830 shares of the company’s stock, valued at approximately $22,583,382.20. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,610,000 shares of company stock worth $37,412,081. 5.81% of the stock is owned by corporate insiders.
Liberty Global PLC Company Profile
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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