Liberty Broadband Corp. (NASDAQ:LBRDA) Director John C. Malone sold 115,112 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $70.15, for a total transaction of $8,075,106.80. Following the transaction, the director now owns 4,002,935 shares of the company’s stock, valued at $280,805,890.25. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Liberty Broadband Corp. (NASDAQ:LBRDA) remained flat at $68.93 during midday trading on Thursday. 78,492 shares of the company were exchanged. Liberty Broadband Corp. has a 52 week low of $42.03 and a 52 week high of $71.77. The company has a 50-day moving average price of $66.61 and a 200-day moving average price of $64.17. The stock has a market capitalization of $12.52 billion, a PE ratio of 10.89 and a beta of 1.43.

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

A number of large investors have recently bought and sold shares of LBRDA. 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 worth $177,000 after buying an additional 420 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Liberty Broadband Corp. by 2.3% in the third quarter. D.A. Davidson & CO. now owns 2,796 shares of the company’s stock worth $195,000 after buying an additional 63 shares during the last quarter. Panagora Asset Management Inc. increased its stake 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 worth $198,000 after buying an additional 900 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Liberty Broadband Corp. during the third quarter worth $205,000. Finally, Shufro Rose & Co. LLC acquired a new stake in shares of Liberty Broadband Corp. during the third quarter worth $211,000. 81.65% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on LBRDA. Zacks Investment Research downgraded shares of Liberty Broadband Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday. 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 report on Friday, August 12th. TheStreet upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. Finally, Pivotal Research reiterated a “buy” rating and set a $94.00 price target on shares of Liberty Broadband Corp. in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $77.00.

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About Liberty Broadband Corp.

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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