Insider Selling: Liberty Global PLC (LBTYA) Director Sells $2,925,900.00 in Stock
Liberty Global PLC (NASDAQ:LBTYA) Director John C. Malone sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $32.51, for a total transaction of $2,925,900.00. Following the completion of the sale, the director now owns 6,625,227 shares of the company’s stock, valued at $215,386,129.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Liberty Global PLC (NASDAQ LBTYA) opened at 33.75 on Friday. The company’s 50-day moving average is $33.41 and its 200-day moving average is $33.41. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of 37.09 and a beta of 1.67.
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A number of institutional investors have recently bought and sold shares of LBTYA. Standard Life Investments LTD purchased a new position in Liberty Global PLC during the second quarter valued at about $105,000. D.A. Davidson & CO. raised its position in Liberty Global PLC by 69.6% in the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after buying an additional 1,374 shares during the last quarter. Commonwealth Bank of Australia raised its position in Liberty Global PLC by 96.7% in the second quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock valued at $150,000 after buying an additional 2,316 shares during the last quarter. Jacobi Capital Management LLC raised its position in Liberty Global PLC by 1.1% in the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock valued at $162,000 after buying an additional 57 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Liberty Global PLC during the first quarter valued at about $163,000. 22.53% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on LBTYA shares. Jefferies Group LLC boosted their price objective on shares of Liberty Global PLC from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price objective on shares of Liberty Global PLC in a report on Friday, May 5th. Macquarie restated a “buy” rating and issued a $40.00 price objective on shares of Liberty Global PLC in a report on Monday, May 8th. Pivotal Research lowered their price objective on shares of Liberty Global PLC from $47.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, May 10th. Finally, TheStreet lowered shares of Liberty Global PLC from a “b-” rating to a “c+” rating in a report on Tuesday, May 9th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Liberty Global PLC presently has a consensus rating of “Buy” and a consensus price target of $39.85.
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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