Liberty Broadband Corporation (NASDAQ:LBRDA)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a report issued on Thursday, Marketbeat.com reports. They currently have a $125.00 target price on the stock, up from their prior target price of $95.00. Telsey Advisory Group’s target price points to a potential upside of 22.62% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. TheStreet downgraded shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Pivotal Research reaffirmed a “buy” rating and set a $108.00 price target (up previously from $107.00) on shares of Liberty Broadband Corporation in a report on Tuesday, August 15th. BidaskClub raised shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. One investment 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. The company has an average rating of “Buy” and an average target price of $111.67.

Liberty Broadband Corporation (NASDAQ LBRDA) traded down 0.99% on Thursday, reaching $101.94. 324,062 shares of the company’s stock were exchanged. The company has a market cap of $18.54 billion, a PE ratio of 599.65 and a beta of 1.48. The firm’s 50 day moving average price is $98.30 and its 200 day moving average price is $88.87. Liberty Broadband Corporation has a 52-week low of $61.69 and a 52-week high of $104.35.

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In other Liberty Broadband Corporation news, Director John C. Malone sold 11,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.98, for a total transaction of $1,162,572.00. Following the sale, the director now owns 3,748,054 shares in the company, valued at approximately $382,226,546.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John C. Malone sold 46,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $100.94, for a total transaction of $4,643,240.00. Following the sale, the director now owns 3,487,778 shares in the company, valued at approximately $352,056,311.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 499,875 shares of company stock worth $48,779,111. 6.09% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Capital Management LLC bought a new stake in Liberty Broadband Corporation during the 1st quarter worth approximately $1,081,000. BlackRock Inc. raised its stake in Liberty Broadband Corporation by 20,817.7% during the 1st quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock worth $133,368,000 after acquiring an additional 1,559,867 shares during the period. Teachers Advisors LLC raised its stake in Liberty Broadband Corporation by 4.4% during the 4th quarter. Teachers Advisors LLC now owns 26,542 shares of the company’s stock worth $1,923,000 after acquiring an additional 1,125 shares during the period. Paloma Partners Management Co bought a new stake in Liberty Broadband Corporation during the 1st quarter worth approximately $294,000. Finally, Canada Pension Plan Investment Board raised its stake in Liberty Broadband Corporation by 77.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,154 shares of the company’s stock worth $1,289,000 after acquiring an additional 6,600 shares during the period. Institutional investors own 81.97% 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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