Liberty Global Ltd $LBTYA Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its holdings in Liberty Global Ltd by 27.8% in the first quarter, owning 451,847 shares valued at approximately $5.2 million.
• Analysts have varied opinions on the stock, with target prices ranging from $11.00 to $21.00, and a consensus average target price of $14.26.
• Insider trading activity included significant sales by CFO Charles H. R. Bracken and Director Miranda Curtis, with a total of 136,980 shares sold in the last quarter.

Goldman Sachs Group Inc. boosted its holdings in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 27.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 451,847 shares of the company's stock after purchasing an additional 98,182 shares during the quarter. Goldman Sachs Group Inc. owned 0.13% of Liberty Global worth $5,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. ACR Alpine Capital Research LLC raised its stake in Liberty Global by 14.1% in the 1st quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock worth $228,305,000 after purchasing an additional 2,458,406 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Liberty Global by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,865,128 shares of the company's stock valued at $55,998,000 after buying an additional 20,771 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Liberty Global by 4.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company's stock valued at $61,814,000 after buying an additional 198,269 shares in the last quarter. Contour Asset Management LLC raised its position in shares of Liberty Global by 64.4% in the 1st quarter. Contour Asset Management LLC now owns 3,314,529 shares of the company's stock valued at $38,150,000 after buying an additional 1,298,047 shares in the last quarter. Finally, First Wilshire Securities Management Inc. raised its position in shares of Liberty Global by 1.5% in the 1st quarter. First Wilshire Securities Management Inc. now owns 2,298,762 shares of the company's stock valued at $26,459,000 after buying an additional 34,367 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CAO Jason Waldron sold 34,380 shares of Liberty Global stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the transaction, the chief accounting officer owned 8,383 shares in the company, valued at $96,823.65. The trade was a 80.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Charles H. R. Bracken sold 60,000 shares of Liberty Global stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total transaction of $678,600.00. Following the sale, the chief financial officer owned 33,220 shares of the company's stock, valued at approximately $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,980 shares of company stock worth $1,577,091 over the last quarter. Insiders own 13.29% of the company's stock.

Liberty Global Stock Down 1.5%

Liberty Global stock traded down $0.18 during mid-day trading on Friday, reaching $11.76. The stock had a trading volume of 1,918,765 shares, compared to its average volume of 1,599,121. Liberty Global Ltd has a one year low of $9.02 and a one year high of $21.56. The company has a 50-day moving average price of $11.09 and a two-hundred day moving average price of $10.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -1.20 and a beta of 1.17.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.20 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. On average, analysts expect that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on LBTYA shares. Citigroup dropped their target price on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a research report on Thursday, June 26th. UBS Group upped their price objective on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Zacks Research raised shares of Liberty Global to a "hold" rating in a report on Wednesday, September 3rd. Finally, Benchmark reaffirmed a "buy" rating and issued a $21.00 price objective (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Liberty Global has a consensus rating of "Hold" and an average target price of $14.26.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.