Liberty Broadband Corporation (NASDAQ:LBRDA) Director John C. Malone sold 11,400 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $101.98, for a total value of $1,162,572.00. Following the completion of the sale, the director now owns 3,748,054 shares of the company’s stock, valued at approximately $382,226,546.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Liberty Broadband Corporation (NASDAQ LBRDA) traded down 2.04% during midday trading on Thursday, hitting $99.84. The stock had a trading volume of 93,704 shares. Liberty Broadband Corporation has a 52 week low of $61.69 and a 52 week high of $104.35. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 587.29 and a beta of 1.48. The stock has a 50 day moving average price of $92.14 and a 200-day moving average price of $87.14.

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Several brokerages have recently weighed in on LBRDA. Pivotal Research restated a “buy” rating and issued a $108.00 price objective (up previously from $107.00) on shares of Liberty Broadband Corporation in a report on Tuesday. BidaskClub upgraded Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $101.67.

Several hedge funds and other institutional investors have recently bought and sold shares of LBRDA. Public Employees Retirement System of Ohio raised its position in Liberty Broadband Corporation by 18.3% in the second quarter. Public Employees Retirement System of Ohio now owns 11,382 shares of the company’s stock valued at $976,000 after buying an additional 1,757 shares in the last quarter. California State Teachers Retirement System raised its position in Liberty Broadband Corporation by 105.4% in the second quarter. California State Teachers Retirement System now owns 107,062 shares of the company’s stock valued at $9,184,000 after buying an additional 54,938 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Liberty Broadband Corporation by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 5,681 shares of the company’s stock valued at $487,000 after buying an additional 399 shares in the last quarter. State Street Corp raised its position in Liberty Broadband Corporation by 1.3% in the second quarter. State Street Corp now owns 308,683 shares of the company’s stock valued at $26,478,000 after buying an additional 3,975 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Liberty Broadband Corporation during the second quarter valued at $1,750,000. Institutional investors and hedge funds 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.

Insider Buying and Selling by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDA)

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