JPMorgan Chase & Co. Purchases 31,259 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

JPMorgan Chase & Co. boosted its position in Liberty Global Ltd. (NASDAQ:LBTYA) by 5.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 611,380 shares of the company’s stock after purchasing an additional 31,259 shares during the period. JPMorgan Chase & Co. owned about 0.17% of Liberty Global worth $12,906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after purchasing an additional 601 shares during the period. Blue Trust Inc. raised its position in Liberty Global by 110.3% in the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after acquiring an additional 975 shares during the period. Clifford Capital Partners LLC purchased a new position in Liberty Global in the third quarter valued at about $227,000. DekaBank Deutsche Girozentrale grew its position in shares of Liberty Global by 62.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,807 shares of the company’s stock valued at $227,000 after acquiring an additional 4,142 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of Liberty Global by 8.1% during the 3rd quarter. Private Advisor Group LLC now owns 11,113 shares of the company’s stock worth $235,000 after purchasing an additional 835 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LBTYA. Barclays dropped their price objective on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft cut their price target on Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Benchmark reissued a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a report on Tuesday, October 29th. UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $13.00 in a report on Monday, November 18th. Finally, Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $13.10 to $12.60 in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.94.

Insider Buying and Selling at Liberty Global

In related news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.51% of the company’s stock.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $11.89 on Friday. Liberty Global Ltd. has a 1-year low of $10.93 and a 1-year high of $21.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50 day moving average of $13.95 and a 200 day moving average of $17.62. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of -1.17 and a beta of 1.25.

About Liberty Global

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.