Insider Buying: Liberty Global PLC (LBTYA) Director Buys $202,100.00 in Stock
Liberty Global PLC (NASDAQ:LBTYA) Director Paul A. Gould purchased 10,000 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was bought at an average cost of $20.21 per share, for a total transaction of $202,100.00. Following the acquisition, the director now directly owns 77,021 shares of the company’s stock, valued at approximately $1,556,594.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Liberty Global PLC (NASDAQ:LBTYA) opened at 30.62 on Monday. The firm’s market capitalization is $27.75 billion. Liberty Global PLC has a 1-year low of $26.16 and a 1-year high of $40.44. The stock has a 50 day moving average of $32.46 and a 200-day moving average of $33.25.
A number of institutional investors have recently made changes to their positions in LBTYA. State Street Corp boosted its position in shares of Liberty Global PLC by 44.4% in the first quarter. State Street Corp now owns 3,447,217 shares of the company’s stock worth $132,724,000 after buying an additional 1,059,171 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Liberty Global PLC by 4.6% in the first quarter. Geode Capital Management LLC now owns 1,478,925 shares of the company’s stock worth $56,900,000 after buying an additional 64,789 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Liberty Global PLC during the first quarter worth about $19,461,000. Vernier Capital Partners LP acquired a new position in shares of Liberty Global PLC during the first quarter worth about $6,064,000. Finally, Suvretta Capital Management LLC boosted its position in shares of Liberty Global PLC by 18.8% in the first quarter. Suvretta Capital Management LLC now owns 2,995,000 shares of the company’s stock worth $115,308,000 after buying an additional 474,400 shares during the last quarter. 20.71% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on LBTYA shares. Zacks Investment Research raised Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Citigroup Inc. dropped their price target on Liberty Global PLC from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 18th. BNP Paribas started coverage on Liberty Global PLC in a report on Friday, September 2nd. They issued an “outperform” rating and a $41.00 price target on the stock. Jefferies Group upped their price target on Liberty Global PLC from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, September 9th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $41.00 price target on shares of Liberty Global PLC in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $43.50.
About Liberty Global PLC
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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