Liberty Global PLC (LBTYA) Director Buys $12,646,869.28 in Stock

Liberty Global PLC (NASDAQ:LBTYA) Director John C. Malone bought 519,592 shares of Liberty Global PLC stock in a transaction dated Monday, July 10th. The stock was acquired at an average price of $24.34 per share, with a total value of $12,646,869.28. Following the purchase, the director now directly owns 927,830 shares of the company’s stock, valued at $22,583,382.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global PLC (NASDAQ:LBTYA) opened at 32.82 on Monday. The stock has a 50 day moving average of $30.15 and a 200-day moving average of $33.41. Liberty Global PLC has a 52-week low of $28.17 and a 52-week high of $37.69. The company has a market capitalization of $33.79 billion, a price-to-earnings ratio of 19.74 and a beta of 1.66.

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Several research firms have recently weighed in on LBTYA. Jefferies Group LLC set a $43.00 target price on shares of Liberty Global PLC and gave the stock a “buy” rating in a research note on Saturday, June 17th. UBS AG began coverage on shares of Liberty Global PLC in a research note on Friday, June 16th. They issued a “neutral” rating and a $31.00 target price for the company. ValuEngine upgraded shares of Liberty Global PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub upgraded shares of Liberty Global PLC from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Pivotal Research reduced their target price on shares of Liberty Global PLC from $47.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, May 10th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.00.

A number of large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Liberty Global PLC by 40.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,536 shares of the company’s stock valued at $292,000 after buying an additional 2,754 shares in the last quarter. Janus Capital Management LLC raised its stake in Liberty Global PLC by 0.7% in the fourth quarter. Janus Capital Management LLC now owns 125,378 shares of the company’s stock valued at $3,835,000 after buying an additional 856 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in Liberty Global PLC by 54.2% in the fourth quarter. Tudor Investment Corp Et Al now owns 10,968 shares of the company’s stock valued at $336,000 after buying an additional 3,857 shares in the last quarter. Dodge & Cox purchased a new stake in Liberty Global PLC during the fourth quarter valued at about $493,918,000. Finally, Highbridge Capital Management LLC raised its stake in Liberty Global PLC by 3,373.7% in the fourth quarter. Highbridge Capital Management LLC now owns 39,284 shares of the company’s stock valued at $1,201,000 after buying an additional 40,484 shares in the last quarter. 23.57% of the stock is owned by institutional investors.

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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