Liberty Broadband Corporation (NASDAQ:LBRDA) insider Richard N. Baer sold 40,139 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $72.59, for a total value of $2,913,690.01. Following the completion of the sale, the insider now directly owns 13,288 shares of the company’s stock, valued at approximately $964,575.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded up 1.22% on Thursday, reaching $73.86. The company’s stock had a trading volume of 159,830 shares.
Liberty Broadband Corporation has a 1-year low of $42.03 and a 1-year high of $74.26. The stock has a 50-day moving average price of $70.97 and a 200-day moving average price of $66.76. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 11.66 and a beta of 1.45. Large investors have recently bought and sold shares of the stock. Locust Wood Capital Advisers LLC bought a new stake in Liberty Broadband Corporation during the second quarter worth about $9,424,000. RMB Capital Management LLC increased its position in Liberty Broadband Corporation by 732.4% in the third quarter. RMB Capital Management LLC now owns 95,396 shares of the company’s stock worth $6,693,000 after buying an additional 83,936 shares during the last quarter.
Cheyne Capital Management UK LLP acquired a new position in Liberty Broadband Corporation during the third quarter worth approximately $5,536,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Liberty Broadband Corporation during the third quarter worth approximately $5,220,000. Finally, Morgan Stanley increased its position in Liberty Broadband Corporation by 146.7% in the third quarter. Morgan Stanley now owns 107,808 shares of the company’s stock worth $7,563,000 after buying an additional 64,105 shares during the last quarter.
79.69% of the stock is currently owned by institutional investors. LBRDA has been the subject of a number of research reports. Pivotal Research reaffirmed a “buy” rating and set a $94.00 target price on shares of Liberty Broadband Corporation in a report on Monday, September 26th. Zacks Investment Research downgraded Liberty Broadband Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 22nd.
Finally, TheStreet raised Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Liberty Broadband Corporation presently has a consensus rating of “Buy” and a consensus price target of $77.00. About Liberty Broadband Corporation
Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other.
The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.