Liberty Global PLC (NASDAQ:LBTYA) PT Raised to $38.00 at Morgan Stanley
Liberty Global PLC (NASDAQ:LBTYA) had its price objective raised by equities research analysts at Morgan Stanley from $37.00 to $38.00 in a research note issued to investors on Monday. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 9.79% from the stock’s previous close.
Several other research analysts have also recently issued reports on LBTYA. Jefferies Group LLC lifted their target price on Liberty Global PLC from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 target price on shares of Liberty Global PLC in a research report on Friday, May 5th. Macquarie reaffirmed a “buy” rating and set a $40.00 target price on shares of Liberty Global PLC in a research report on Monday, May 8th. Pivotal Research cut their target price on Liberty Global PLC from $47.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, May 10th. Finally, TheStreet cut Liberty Global PLC from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $39.85.
Liberty Global PLC (LBTYA) traded down 0.535% during midday trading on Monday, reaching $34.425. The company’s stock had a trading volume of 1,378,134 shares. The firm has a 50 day moving average of $31.52 and a 200 day moving average of $33.57. Liberty Global PLC has a 52-week low of $28.17 and a 52-week high of $37.69. The firm has a market cap of $35.44 billion, a P/E ratio of 20.701 and a beta of 1.67.
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In other news, Director John C. Malone bought 242,778 shares of the stock in a transaction on Wednesday, July 12th. The shares were purchased at an average cost of $24.83 per share, for a total transaction of $6,028,177.74. Following the completion of the purchase, the director now directly owns 927,830 shares in the company, valued at approximately $23,038,018.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone bought 223,186 shares of the stock in a transaction on Thursday, July 6th. The stock was purchased at an average price of $21.76 per share, for a total transaction of $4,856,527.36. Following the completion of the purchase, the director now owns 761,816 shares of the company’s stock, valued at $16,577,116.16. The disclosure for this purchase can be found here. Insiders have purchased 1,610,000 shares of company stock worth $37,412,081 over the last quarter. 5.81% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of Liberty Global PLC during the first quarter valued at about $163,000. Simplex Trading LLC purchased a new stake in shares of Liberty Global PLC during the second quarter valued at about $164,000. Everett Harris & Co. CA purchased a new stake in shares of Liberty Global PLC during the first quarter valued at about $201,000. Waldron LP purchased a new stake in shares of Liberty Global PLC during the first quarter valued at about $209,000. Finally, World Asset Management Inc purchased a new stake in shares of Liberty Global PLC during the first quarter valued at about $218,000. Hedge funds and other institutional investors own 22.80% of the company’s stock.
Liberty Global PLC Company Profile
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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