613,600 Shares in Liberty Global Ltd. (NASDAQ:LBTYA) Purchased by ING Groep NV

ING Groep NV bought a new stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 613,600 shares of the company’s stock, valued at approximately $12,953,000.

A number of other institutional investors have also modified their holdings of LBTYA. Dimensional Fund Advisors LP increased its stake in shares of Liberty Global by 212.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock valued at $57,336,000 after acquiring an additional 2,236,696 shares during the period. Rubric Capital Management LP lifted its holdings in shares of Liberty Global by 43.7% in the second quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock valued at $96,320,000 after buying an additional 1,680,756 shares during the period. Bank of New York Mellon Corp boosted its stake in Liberty Global by 677.4% during the second quarter. Bank of New York Mellon Corp now owns 450,017 shares of the company’s stock valued at $7,844,000 after buying an additional 392,129 shares in the last quarter. ACR Alpine Capital Research LLC grew its holdings in Liberty Global by 11.5% during the second quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company’s stock worth $53,317,000 after acquiring an additional 314,726 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in Liberty Global by 32.8% in the first quarter. Gamco Investors INC. ET AL now owns 1,222,428 shares of the company’s stock worth $20,683,000 after acquiring an additional 301,639 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Trading Up 4.6 %

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

Analysts Set New Price Targets

Several research firms recently commented on LBTYA. Citigroup initiated coverage on shares of Liberty Global in a research note on Friday, August 9th. They set a “buy” rating and a $25.00 target price for the company. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Finally, Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.