ING Groep NV Makes New Investment in Liberty Global Ltd. (NASDAQ:LBTYA)

ING Groep NV purchased a new stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) in the third quarter, according to its most recent filing with the SEC. The firm purchased 613,600 shares of the company’s stock, valued at approximately $12,953,000. ING Groep NV owned 0.17% of Liberty Global at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after acquiring an additional 601 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Liberty Global by 2.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 28,188 shares of the company’s stock valued at $595,000 after purchasing an additional 606 shares during the last quarter. 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 in the last quarter. Blue Trust Inc. raised its position in shares of Liberty Global by 110.3% during the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after purchasing an additional 975 shares during the last quarter. Finally, Stratos Wealth Advisors LLC lifted its stake in Liberty Global by 4.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 29,611 shares of the company’s stock valued at $625,000 after buying an additional 1,162 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Price Performance

LBTYA stock opened at $12.45 on Friday. The firm has a market cap of $4.45 billion, a P/E ratio of -1.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Global Ltd. has a 1 year low of $10.93 and a 1 year high of $21.56. The stock has a 50-day simple moving average of $20.41 and a 200-day simple moving average of $18.81.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LBTYA. Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a research report on Tuesday, October 29th. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $15.50 to $21.30 in a report on Monday, August 12th. Finally, Citigroup initiated coverage on shares of Liberty Global in a research report on Friday, August 9th. They issued a “buy” rating and a $25.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Liberty Global has an average rating of “Moderate Buy” and a consensus target price of $24.26.

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.