Liberty Broadband Corp. (NASDAQ:LBRDA) has been given an average rating of “Buy” by the six ratings firms that are covering the stock. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $79.00. LBRDA has been the subject of a number of analyst reports. Pivotal Research reissued a “buy” rating and issued a $94.00 price target on shares of Liberty Broadband Corp. in a report on Monday, September 26th. Deutsche Bank AG boosted their price target on Liberty Broadband Corp.
from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, August 12th. TheStreet raised Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. Finally, Zacks Investment Research downgraded Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Liberty Broadband Corp. (NASDAQ:LBRDA) traded down 0.97% on Monday, hitting $67.58. The stock had a trading volume of 206,822 shares.
Liberty Broadband Corp. has a 12 month low of $42.03 and a 12 month high of $71.77. The company has a 50-day moving average of $67.24 and a 200 day moving average of $63.58. The company has a market cap of $12.28 billion, a PE ratio of 10.67 and a beta of 1.43. In related news, Director John C. Malone sold 122,795 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $68.45, for a total transaction of $8,405,317.75.
Following the completion of the sale, the director now directly owns 4,145,781 shares in the company, valued at $283,778,709.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard N. Baer sold 1,985 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $68.17, for a total value of $135,317.45. Following the sale, the insider now owns 4,843 shares of the company’s stock, valued at $330,147.31. The disclosure for this sale can be found here.
11.32% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Teachers Advisors Inc. raised its position in Liberty Broadband Corp. by 4.1% in the first quarter. Teachers Advisors Inc. now owns 38,461 shares of the company’s stock worth $2,237,000 after buying an additional 1,515 shares during the period. UBS Group AG raised its position in Liberty Broadband Corp. by 5.0% in the first quarter. UBS Group AG now owns 31,980 shares of the company’s stock worth $1,860,000 after buying an additional 1,530 shares during the period.
Bridger Management LLC bought a new position in Liberty Broadband Corp. during the first quarter worth $25,351,000. Calvert Investment Management Inc. raised its position in Liberty Broadband Corp. by 76.4% in the second quarter. Calvert Investment Management Inc. now owns 10,571 shares of the company’s stock worth $628,000 after buying an additional 4,578 shares during the period. Finally, BlackRock Inc. raised its position in Liberty Broadband Corp.
by 6.0% in the first quarter. BlackRock Inc. now owns 9,575 shares of the company’s stock worth $557,000 after buying an additional 541 shares during the period.
Hedge funds and other institutional investors own 79.35% of the company’s stock.