Liberty Broadband Corp. (NASDAQ:LBRDA) insider Richard N. Baer sold 1,985 shares of Liberty Broadband Corp. stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $68.17, for a total transaction of $135,317.45. Following the sale, the insider now owns 4,843 shares in the company, valued at approximately $330,147.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Broadband Corp. (NASDAQ:LBRDA) opened at 66.80 on Wednesday. The firm has a market cap of $12.13 billion, a P/E ratio of 9.23 and a beta of 1.39. The firm has a 50-day moving average of $69.21 and a 200-day moving average of $62.62. Liberty Broadband Corp. has a 12-month low of $42.03 and a 12-month high of $71.77.

Insider Buying and Selling by Quarter for Liberty Broadband Corp. (NASDAQ:LBRDA)

A number of analysts recently issued reports on LBRDA shares. Wunderlich lifted their price target on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Wednesday, July 13th. Deutsche Bank AG lifted their price target 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. Finally, Pivotal Research restated a “buy” rating and issued a $94.00 price target on shares of Liberty Broadband Corp. in a research note on Monday, September 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $77.00.

Several large investors have recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of Liberty Broadband Corp. by 0.4% in the second quarter. Comerica Bank now owns 10,221 shares of the company’s stock valued at $672,000 after buying an additional 45 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Liberty Broadband Corp. by 1.1% in the second quarter. CIBC Asset Management Inc now owns 4,698 shares of the company’s stock valued at $279,000 after buying an additional 51 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its stake in shares of Liberty Broadband Corp. by 1.9% in the second quarter. SeaBridge Investment Advisors LLC now owns 6,557 shares of the company’s stock valued at $389,000 after buying an additional 120 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Liberty Broadband Corp. by 4.2% in the second quarter. Prudential Financial Inc. now owns 4,950 shares of the company’s stock valued at $294,000 after buying an additional 200 shares during the last quarter. Finally, Aviva PLC boosted its stake in shares of Liberty Broadband Corp. by 2.3% in the first quarter. Aviva PLC now owns 11,504 shares of the company’s stock valued at $669,000 after buying an additional 263 shares during the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Corp. Company Profile

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.

5 Day Chart for NASDAQ:LBRDA

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