Liberty Broadband Corporation (NASDAQ:LBRDK) Director John C. Malone sold 34,500 shares of Liberty Broadband Corporation stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $95.18, for a total value of $3,283,710.00. Following the sale, the director now owns 3,452,500 shares of the company’s stock, valued at $328,608,950. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Liberty Broadband Corporation (LBRDK) traded up 0.74% during midday trading on Wednesday, reaching $97.52. The company had a trading volume of 445,069 shares. The company has a market cap of $17.73 billion, a PE ratio of 573.65 and a beta of 1.40. The company’s 50-day moving average is $99.00 and its 200 day moving average is $91.45. Liberty Broadband Corporation has a 52-week low of $63.64 and a 52-week high of $104.66.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its position in Liberty Broadband Corporation by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock valued at $114,000 after purchasing an additional 145 shares during the last quarter. Advisor Group Inc. boosted its position in Liberty Broadband Corporation by 14.2% during the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock valued at $146,000 after purchasing an additional 208 shares during the last quarter. Macquarie Group Ltd. boosted its position in Liberty Broadband Corporation by 260.0% during the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock valued at $156,000 after purchasing an additional 1,300 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Liberty Broadband Corporation during the first quarter valued at approximately $186,000. Finally, Capstone Asset Management Co. boosted its position in Liberty Broadband Corporation by 3.4% during the second quarter. Capstone Asset Management Co. now owns 2,456 shares of the company’s stock valued at $213,000 after purchasing an additional 80 shares during the last quarter. 63.18% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on LBRDK. Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $95.00 target price (up from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th.

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:LBRDK)

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