Liberty Broadband Corporation (NASDAQ:LBRDK) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a 1 year consensus target price of $95.00 for the company and are predicting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband Corporation an industry rank of 123 out of 265 based on the ratings given to related companies.

Several analysts recently commented on LBRDK shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $95.00 target price (up previously from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th. Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th.

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In other Liberty Broadband Corporation news, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $90.09, for a total value of $4,054,050.00. Following the completion of the sale, the director now owns 3,782,554 shares of the company’s stock, valued at approximately $340,770,289.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Malone sold 5,700 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $88.62, for a total transaction of $505,134.00. Following the completion of the sale, the director now directly owns 3,782,554 shares of the company’s stock, valued at approximately $335,209,935.48. The disclosure for this sale can be found here. Insiders sold a total of 96,700 shares of company stock valued at $8,521,624 in the last three months. Insiders own 10.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank increased its stake in Liberty Broadband Corporation by 26.2% in the first quarter. Toronto Dominion Bank now owns 1,171 shares of the company’s stock worth $101,000 after buying an additional 243 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Liberty Broadband Corporation during the first quarter worth about $186,000. Capstone Asset Management Co. acquired a new stake in Liberty Broadband Corporation during the first quarter worth about $205,000. Appleton Partners Inc. MA acquired a new stake in Liberty Broadband Corporation during the first quarter worth about $215,000. Finally, Cohen Klingenstein LLC acquired a new stake in Liberty Broadband Corporation during the first quarter worth about $222,000. 63.67% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (NASDAQ LBRDK) opened at 99.18 on Tuesday. The stock’s 50 day moving average is $88.29 and its 200-day moving average is $86.59. Liberty Broadband Corporation has a 12 month low of $62.18 and a 12 month high of $100.82. The firm has a market cap of $18.03 billion, a price-to-earnings ratio of 18.53 and a beta of 1.40.

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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