Liberty Global (NASDAQ:LBTYA) Stock Price Up 4.5% – Still a Buy?

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) rose 4.5% during trading on Thursday . The company traded as high as $12.44 and last traded at $12.43. Approximately 1,230,568 shares were traded during trading, a decline of 31% from the average daily volume of 1,774,153 shares. The stock had previously closed at $11.90.

Analyst Ratings Changes

LBTYA has been the subject of a number of research analyst reports. Citigroup initiated coverage on Liberty Global in a report on Friday, August 9th. They set a “buy” rating and a $25.00 price target for the company. Benchmark reiterated a “buy” rating and set a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. Finally, Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $15.50 to $21.30 in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.26.

Liberty Global Stock Up 5.3 %

The business has a 50 day moving average of $20.41 and a 200 day moving average of $18.81. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of -1.17 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

Institutional Trading of Liberty Global

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in shares of Liberty Global during the first quarter worth $311,000. SG Americas Securities LLC lifted its stake in shares of Liberty Global by 25.7% during the first quarter. SG Americas Securities LLC now owns 17,713 shares of the company’s stock valued at $300,000 after acquiring an additional 3,627 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Liberty Global by 39.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 56,129 shares of the company’s stock valued at $932,000 after acquiring an additional 15,834 shares during the period. Vanguard Group Inc. lifted its stake in shares of Liberty Global by 4.0% during the first quarter. Vanguard Group Inc. now owns 3,446,543 shares of the company’s stock valued at $58,316,000 after acquiring an additional 131,077 shares during the period. Finally, Seven Eight Capital LP acquired a new position in shares of Liberty Global during the first quarter valued at $2,029,000. 37.20% of the stock is currently owned by institutional investors.

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.