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TheStreet Upgraded Liberty Broadband Corp. (LBRDA) to “Buy”

Liberty Broadband Corp. (NASDAQ:LBRDA) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. A number of other equities analysts also recently issued reports on the company. Deutsche Bank AG increased their price target on Liberty Broadband Corp. from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Pivotal Research reissued a “buy” rating and set a $94.00 price target on shares of Liberty Broadband Corp. in a research report on Monday, September 26th. Finally, Zacks Investment Research downgraded Liberty Broadband Corp.

from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.00. Liberty Broadband Corp. (NASDAQ:LBRDA) opened at 63.46 on Thursday. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 8.77 and a beta of 1.43. Liberty Broadband Corp. has a 12 month low of $42.03 and a 12 month high of $71.77.

The firm has a 50-day moving average price of $67.65 and a 200-day moving average price of $63.19. In other Liberty Broadband Corp. news, insider Albert E. Rosenthaler sold 1,907 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $67.39, for a total value of $128,512.73. Following the completion of the sale, the insider now owns 18,769 shares of the company’s stock, valued at $1,264,842.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Also, insider Richard N. Baer sold 1,985 shares of the firm’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $68.17, for a total value of $135,317.45. Following the completion of the sale, the insider now directly owns 4,843 shares of the company’s stock, valued at approximately $330,147.31. The disclosure for this sale can be found here. Corporate insiders own 11.32% of the company’s stock. A number of large investors have recently modified their holdings of the company.

Cutler Group LP increased its stake in shares of Liberty Broadband Corp. by 19.8% in the third quarter. Cutler Group LP now owns 2,537 shares of the company’s stock valued at $177,000 after buying an additional 420 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Liberty Broadband Corp. by 37.1% in the second quarter. Panagora Asset Management Inc. now owns 3,328 shares of the company’s stock valued at $198,000 after buying an additional 900 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Liberty Broadband Corp.

by 28.0% in the second quarter. Teacher Retirement System of Texas now owns 3,680 shares of the company’s stock valued at $219,000 after buying an additional 806 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Liberty Broadband Corp. during the second quarter valued at about $231,000. Finally, KCG Holdings Inc. purchased a new position in shares of Liberty Broadband Corp. during the second quarter valued at about $236,000.

79.35% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Corp.

Company Profile

The Coatue Management LLC Buys New Position in Liberty Broadband Corp. (LBRDK)

Coatue Management LLC acquired a new stake in shares of Liberty Broadband Corp. (NASDAQ:LBRDK) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 8,892,050 shares of the company’s stock, valued at approximately $533,524,000. Liberty Broadband Corp. comprises 7.6% of Coatue Management LLC’s holdings, making the stock its 2nd largest position. Coatue Management LLC owned 8.60% of Liberty Broadband Corp. as of its most recent filing with the SEC. Several other hedge funds have also modified their holdings of LBRDK.

Teachers Advisors Inc. raised its position in shares of Liberty Broadband Corp. by 5.2% in the first quarter. Teachers Advisors Inc. now owns 62,660 shares of the company’s stock worth $3,631,000 after buying an additional 3,117 shares during the period. JPMorgan Chase & Co. raised its position in shares of Liberty Broadband Corp. by 40.0% in the first quarter. JPMorgan Chase & Co.

now owns 37,201 shares of the company’s stock worth $2,156,000 after buying an additional 10,622 shares during the period. State Street Corp raised its position in shares of Liberty Broadband Corp. by 2.0% in the first quarter. State Street Corp now owns 852,241 shares of the company’s stock worth $49,388,000 after buying an additional 16,410 shares during the period. Geode Capital Management LLC raised its position in shares of Liberty Broadband Corp. by 3.5% in the first quarter. Geode Capital Management LLC now owns 439,858 shares of the company’s stock worth $25,489,000 after buying an additional 14,752 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Liberty Broadband Corp.

by 34.4% in the first quarter. Envestnet Asset Management Inc. now owns 45,888 shares of the company’s stock worth $2,659,000 after buying an additional 11,749 shares during the period. Hedge funds and other institutional investors own 66.59% of the company’s stock. Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) traded up 2.81% during trading on Wednesday, reaching $69.90. The company had a trading volume of 1,063,032 shares. The firm has a market capitalization of $12.70 billion, a PE ratio of 9.66 and a beta of 1.40.

The firm has a 50-day moving average of $68.93 and a 200 day moving average of $64.18. Liberty Broadband Corp. has a 1-year low of $41.30 and a 1-year high of $72.94. LBRDK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Wednesday, September 14th. TheStreet upgraded Liberty Broadband Corp.

from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. In related news, Director John C. Malone sold 29,273 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $68.77, for a total transaction of $2,013,104.21. Following the completion of the transaction, the director now owns 4,145,781 shares in the company, valued at $285,105,359.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John C.

Malone sold 93,522 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $68.35, for a total transaction of $6,392,228.70. Following the transaction, the director now owns 4,145,781 shares of the company’s stock, valued at approximately $283,364,131.35. The disclosure for this sale can be found here.

10.80% of the stock is currently owned by company insiders. Liberty Broadband Corp.

Company Profile