Liberty Broadband Corporation (LBRDA) Director John C. Malone Sells 34,500 Shares
Liberty Broadband Corporation (NASDAQ:LBRDA) Director John C. Malone sold 34,500 shares of Liberty Broadband Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $95.18, for a total transaction of $3,283,710.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Liberty Broadband Corporation (NASDAQ:LBRDA) traded up 0.84% on Wednesday, hitting $96.49. 81,178 shares of the company were exchanged. Liberty Broadband Corporation has a 52 week low of $61.69 and a 52 week high of $104.35. The firm’s 50 day moving average is $98.13 and its 200 day moving average is $90.43. The company has a market capitalization of $17.54 billion, a P/E ratio of 567.59 and a beta of 1.43.
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Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake 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 worth $137,000 after acquiring an additional 13 shares during the period. Amalgamated Bank purchased a new stake in Liberty Broadband Corporation during the second quarter worth $213,000. M&T Bank Corp purchased a new stake in Liberty Broadband Corporation during the first quarter worth $225,000. KCG Holdings Inc. purchased a new stake in Liberty Broadband Corporation during the first quarter worth $246,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Liberty Broadband Corporation by 5.9% during the second quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock worth $257,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 11.85% of the company’s stock.
Several research analysts have recently weighed in on the stock. Pivotal Research reiterated a “buy” rating and set a $108.00 price target (up previously from $107.00) on shares of Liberty Broadband Corporation in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price target (up previously from $95.00) on shares of Liberty Broadband Corporation in a research note on Thursday, September 7th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $111.67.
About Liberty Broadband Corporation
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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