Liberty Broadband Corporation (NASDAQ:LBRDA) Director John C. Malone sold 111,920 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $100.64, for a total value of $11,263,628.80. Following the transaction, the director now owns 3,498,779 shares of the company’s stock, valued at approximately $352,117,118.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) opened at 98.93 on Friday. The company has a market cap of $17.99 billion, a P/E ratio of 581.94 and a beta of 1.48. The stock has a 50 day moving average price of $94.85 and a 200-day moving average price of $87.93. Liberty Broadband Corporation has a 1-year low of $61.69 and a 1-year high of $104.35.
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LBRDA has been the subject of a number of analyst reports. BidaskClub lowered Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research raised Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Pivotal Research reissued a “buy” rating and issued a $108.00 price objective (up previously from $107.00) on shares of Liberty Broadband Corporation in a research note on Tuesday, August 15th. Finally, TheStreet downgraded Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $101.67.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in shares of Liberty Broadband Corporation by 0.8% in the second quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after buying an additional 13 shares during the period. Suntrust Banks Inc. increased its position in shares of Liberty Broadband Corporation by 0.4% in the first quarter. Suntrust Banks Inc. now owns 5,408 shares of the company’s stock valued at $459,000 after buying an additional 22 shares during the period. Comerica Bank increased its position in shares of Liberty Broadband Corporation by 0.4% in the first quarter. Comerica Bank now owns 5,241 shares of the company’s stock valued at $474,000 after buying an additional 23 shares during the period. Aviva PLC increased its position in shares of Liberty Broadband Corporation by 0.6% in the second quarter. Aviva PLC now owns 14,454 shares of the company’s stock valued at $1,239,000 after buying an additional 80 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Liberty Broadband Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,873 shares of the company’s stock valued at $330,000 after buying an additional 121 shares during the period. Institutional investors own 81.99% of the company’s stock.
Liberty Broadband Corporation Company Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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