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020-75-in-stock

Trade: The 1985 Shares of Liberty Broadband Corp. (LBRDA) Stock are sold by Richard N.

Baer

Liberty Broadband Corp. (NASDAQ:LBRDA) insider Richard N. Baer sold 1,985 shares of the firm’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $68.17, for a total transaction of $135,317.45. Following the transaction, the insider now owns 4,843 shares of the company’s stock, valued at approximately $330,147.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Shares of Liberty Broadband Corp. (NASDAQ:LBRDA) traded up 0.18% on Tuesday, hitting $66.80.

139,688 shares of the company’s stock traded hands. Liberty Broadband Corp.

has a 1-year low of $42.03 and a 1-year high of $71.77. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 9.23 and a beta of 1.38. The firm’s 50-day moving average price is $69.21 and its 200 day moving average price is $62.62. LBRDA has been the subject of several research reports. Deutsche Bank AG raised their price objective on shares of Liberty Broadband Corp. from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Pivotal Research restated a “buy” rating and set a $94.00 price objective on shares of Liberty Broadband Corp.

in a research report on Monday, September 26th. Wunderlich raised their price objective on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, June 22nd. Finally, Zacks Investment Research upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $77.00.

A number of hedge funds and other institutional investors have recently modified their holdings of LBRDA. Douglass Winthrop Advisors LLC bought a new position in shares of Liberty Broadband Corp. during the second quarter valued at about $2,309,000. First Republic Investment Management Inc. increased its position in shares of Liberty Broadband Corp. by 104.4% in the first quarter. First Republic Investment Management Inc. now owns 338,334 shares of the company’s stock valued at $19,678,000 after buying an additional 172,769 shares during the period. Babson Capital Management LLC bought a new position in shares of Liberty Broadband Corp.

during the first quarter valued at about $1,215,000. Marcato Capital Management LP increased its position in shares of Liberty Broadband Corp. by 36.3% in the first quarter. Marcato Capital Management LP now owns 589,439 shares of the company’s stock valued at $34,282,000 after buying an additional 157,057 shares during the period. Finally, Bridger Management LLC bought a new position in shares of Liberty Broadband Corp. during the first quarter valued at about $25,351,000. Institutional investors and hedge funds own 79.30% of the company’s stock.

Liberty Broadband Corp.

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