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Today, The Insider Selling: Liberty Broadband Corp. (LBRDA) Director Sold $2177912.88 in Stock

Liberty Broadband Corp. (NASDAQ:LBRDA) Director John C. Malone sold 30,888 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $70.51, for a total transaction of $2,177,912.88. Following the sale, the director now directly owns 3,882,054 shares in the company, valued at $273,723,627.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Liberty Broadband Corp. (NASDAQ:LBRDA) opened at 69.53 on Thursday. The stock has a market cap of $12.63 billion, a PE ratio of 10.98 and a beta of 1.43.

Liberty Broadband Corp. has a 52-week low of $42.03 and a 52-week high of $71.77. The company’s 50 day moving average is $66.51 and its 200-day moving average is $64.39. Several equities research analysts have recently issued reports on LBRDA shares. Deutsche Bank AG increased their target price on shares of Liberty Broadband Corp. from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research lowered shares of Liberty Broadband Corp.

from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Pivotal Research reissued a “buy” rating and set a $94.00 target price on shares of Liberty Broadband Corp. in a research note on Monday, September 26th. Finally, TheStreet raised shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $77.00.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Liberty Broadband Corp. by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,729,792 shares of the company’s stock worth $102,750,000 after buying an additional 36,102 shares in the last quarter. Principal Financial Group Inc. raised its position in Liberty Broadband Corp. by 1.1% in the third quarter.

Principal Financial Group Inc. now owns 1,149,771 shares of the company’s stock worth $80,666,000 after buying an additional 12,687 shares in the last quarter. Mark Asset Management Corp raised its position in Liberty Broadband Corp. by 20.5% in the third quarter. Mark Asset Management Corp now owns 285,360 shares of the company’s stock worth $20,021,000 after buying an additional 48,554 shares in the last quarter. BlackRock Fund Advisors raised its position in Liberty Broadband Corp. by 3.9% in the third quarter. BlackRock Fund Advisors now owns 245,605 shares of the company’s stock worth $17,232,000 after buying an additional 9,226 shares in the last quarter. Finally, Jefferies Group LLC raised its position in Liberty Broadband Corp.

by 7.8% in the second quarter. Jefferies Group LLC now owns 172,532 shares of the company’s stock worth $10,248,000 after buying an additional 12,508 shares in the last quarter. Institutional investors own 79.78% of the company’s stock.

About Liberty Broadband Corp.