The Liberty Broadband Corporation (NASDAQ:LBRDA) Director Sells $1944190.00 in Stock
Liberty Broadband Corporation (LBRDA) opened at 85.68 on Wednesday. The firm’s 50-day moving average price is $85.82 and its 200 day moving average price is $82.99. The firm has a market cap of $15.58 billion, a P/E ratio of 16.01 and a beta of 1.43. Liberty Broadband Corporation has a 12-month low of $60.24 and a 12-month high of $91.16. Liberty Broadband Corporation (NASDAQ:LBRDA) Director John C. Malone sold 23,000 shares of Liberty Broadband Corporation stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total value of $1,944,190.00.
Following the completion of the transaction, the director now owns 3,782,554 shares in the company, valued at $319,739,289.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Several equities analysts recently issued reports on the company. BidaskClub upgraded Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Pivotal Research lowered their price objective on Liberty Broadband Corporation from $108.00 to $107.00 and set a “buy” rating on the stock in a research note on Wednesday, April 5th. Finally, Zacks Investment Research lowered Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company.
The company currently has an average rating of “Buy” and a consensus target price of $90.60. Several hedge funds have recently bought and sold shares of LBRDA. BlackRock Inc. boosted its stake in Liberty Broadband Corporation by 20,817.7% in the first quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock worth $133,368,000 after buying an additional 1,559,867 shares during the last quarter. Norges Bank bought a new stake in Liberty Broadband Corporation during the fourth quarter worth $59,113,000.
FMR LLC boosted its stake in Liberty Broadband Corporation by 32.5% in the first quarter. FMR LLC now owns 1,722,101 shares of the company’s stock worth $146,534,000 after buying an additional 422,727 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Liberty Broadband Corporation during the fourth quarter worth $23,120,000. Finally, Bank of America Corp DE boosted its stake in Liberty Broadband Corporation by 174.7% in the first quarter. Bank of America Corp DE now owns 236,702 shares of the company’s stock worth $20,141,000 after buying an additional 150,521 shares during the last quarter.
81.58% of the stock is currently owned by hedge funds and other institutional investors. 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.