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Liberty Broadband Corporation (LBRDA) Shares Sold by Goldman Sachs Group Inc.

Liberty Broadband Corporation logoGoldman Sachs Group Inc. lessened its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 30.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,446 shares of the company’s stock after selling 10,201 shares during the period. Goldman Sachs Group Inc. owned 0.09% of Liberty Broadband Corporation worth £2,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBRDA. Vanguard Group Inc. raised its holdings in shares of Liberty Broadband Corporation by 4.5% in the second quarter. Vanguard Group Inc. now owns 1,748,982 shares of the company’s stock valued at £150,045,000 after buying an additional 75,769 shares during the last quarter.

BlackRock Inc. raised its holdings in shares of Liberty Broadband Corporation by 20,817.7% in the first quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock valued at £133,368,000 after buying an additional 1,559,867 shares during the last quarter. Artemis Investment Management LLP raised its holdings in shares of Liberty Broadband Corporation by 40.6% in the second quarter.

Artemis Investment Management LLP now owns 669,279 shares of the company’s stock valued at £58,050,000 after buying an additional 193,130 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Liberty Broadband Corporation by 8.1% in the second quarter. Franklin Resources Inc. now owns 333,328 shares of the company’s stock valued at £28,596,000 after buying an additional 25,016 shares during the last quarter.

Finally, State Street Corp raised its holdings in shares of Liberty Broadband Corporation by 3.5% in the first quarter. State Street Corp now owns 304,708 shares of the company’s stock valued at £25,933,000 after buying an additional 10,215 shares during the last quarter. Institutional investors own 11.82% of the company’s stock.

In other news, Director John C.

Malone sold 45,000 shares of Liberty Broadband Corporation stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of £93.32, for a total value of £4,199,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website[1].

Also, Director John C. Malone sold 11,400 shares of Liberty Broadband Corporation stock in a transaction dated 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 completion of the transaction, the director now directly owns 3,748,054 shares of the company’s stock, valued at £382,226,546.92. The disclosure for this sale can be found here[2]. Insiders sold a total of 493,275 shares of company stock valued at £48,719,421 over the last ninety days.

Company insiders own 6.09% of the company’s stock.

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA[3]) opened at 86.21 on Wednesday. The stock has a market capitalization of £15.68 billion, a PE ratio of 507.12 and a beta of 1.43. Liberty Broadband Corporation has a one year low of £61.69 and a one year high of £104.35.

The stock has a 50 day moving average of £93.21 and a 200-day moving average of £91.27.

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A number of equities research analysts have recently commented on the stock. Pivotal Research reaffirmed a “buy” rating and issued a £108.00 target price (up from £107.00) on shares of Liberty Broadband Corporation in a report on Tuesday, August 15th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a £125.00 target price (up from £95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th.

TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, BidaskClub raised shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock.

The company currently 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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References

  1. ^ the SEC website (www.sec.gov)
  2. ^ here (www.sec.gov)
  3. ^ NASDAQ:LBRDA (www.marketbeat.com)
  4. ^ MarketBeat.com’s FREE daily email newsletter (www.truebluetribune.com)

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