Handelsbanken Fonder AB Sells 1,000 Shares of Liberty Global plc (NASDAQ:LBTYA)

Posted by Defense World Staff on May 5th, 2023

Handelsbanken Fonder AB lowered its holdings in Liberty Global plc (NASDAQ:LBTYA – Get Rating) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,568 shares of the company’s stock after selling 1,000 shares during the period. Handelsbanken Fonder AB’s holdings in Liberty Global were worth $938,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Captrust Financial Advisors lifted its position in Liberty Global by 40.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,821 shares of the company’s stock worth $38,000 after buying an additional 520 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Liberty Global by 10.7% during the first quarter. Advisor Group Holdings Inc. now owns 5,633 shares of the company’s stock valued at $143,000 after purchasing an additional 545 shares in the last quarter. Kinneret Advisory LLC increased its stake in shares of Liberty Global by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 40,288 shares of the company’s stock worth $1,044,000 after acquiring an additional 901 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Liberty Global by 8.3% during the first quarter. American Century Companies Inc. now owns 14,246 shares of the company’s stock valued at $363,000 after purchasing an additional 1,091 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Liberty Global by 7.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,852 shares of the company’s stock worth $395,000 after acquiring an additional 1,370 shares during the last quarter. 31.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LBTYA has been the subject of a number of research reports. Barclays boosted their target price on shares of Liberty Global from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Monday, January 9th. Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and cut their target price for the company from $31.60 to $23.00 in a research note on Thursday, January 12th. Benchmark reiterated a “buy” rating and set a $33.00 target price on shares of Liberty Global in a research report on Wednesday, March 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Liberty Global from $32.00 to $36.00 in a research note on Thursday, April 27th. Finally, JPMorgan Chase & Co. dropped their target price on Liberty Global from $27.00 to $24.40 and set a “neutral” rating for the company in a research report on Tuesday, March 21st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Liberty Global has a consensus rating of “Hold” and an average price target of $27.34.

Insider Activity at Liberty Global

In other Liberty Global news, EVP Bryan H. Hall sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $19.77, for a total transaction of $197,700.00. Following the sale, the executive vice president now owns 126,497 shares of the company’s stock, valued at $2,500,845.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Liberty Global news, EVP Bryan H. Hall sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $20.76, for a total transaction of $103,800.00. Following the sale, the executive vice president now directly owns 133,135 shares in the company, valued at $2,763,882.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bryan H. Hall sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $19.77, for a total transaction of $197,700.00. Following the transaction, the executive vice president now directly owns 126,497 shares of the company’s stock, valued at $2,500,845.69. The disclosure for this sale can be found here. Insiders sold 21,000 shares of company stock worth $421,740 in the last three months. 9.86% of the stock is owned by company insiders.

Liberty Global Stock Down 0.3 %

Shares of NASDAQ LBTYA opened at $18.57 on Friday. The company has a 50 day simple moving average of $19.19 and a 200-day simple moving average of $19.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $8.47 billion, a P/E ratio of 1.38 and a beta of 1.25. Liberty Global plc has a 1 year low of $15.22 and a 1 year high of $25.13.

About Liberty Global

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Liberty Global Plc operates as an international converged fixed and mobile communications company, which engages in the provision of connectivity and entertainment and connectivity services. It operates through the following geographical segments: Switzerland, Belgium, U.K., Ireland, and Central and Other.