Principal Financial Group Inc. Has $232,000 Stock Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Principal Financial Group Inc. cut its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 10.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,004 shares of the company’s stock after selling 1,332 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Global were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in Liberty Global by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after buying an additional 601 shares during the last quarter. Blue Trust Inc. grew its position in 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 acquiring an additional 975 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Liberty Global by 4,512.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after purchasing an additional 8,754 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Liberty Global by 62.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,807 shares of the company’s stock valued at $227,000 after purchasing an additional 4,142 shares during the last quarter. Finally, Clifford Capital Partners LLC acquired a new position in Liberty Global in the third quarter worth $227,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.51% of the stock is currently owned by corporate insiders.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $12.94 on Tuesday. The firm has a fifty day moving average of $14.58 and a two-hundred day moving average of $17.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of -1.27 and a beta of 1.25. Liberty Global Ltd. has a 52 week low of $10.93 and a 52 week high of $21.56.

Analyst Upgrades and Downgrades

LBTYA has been the subject of a number of research reports. Benchmark restated a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Barclays decreased their price target on shares of 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. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Finally, UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $13.00 in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.94.

Liberty Global Company Profile

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.