Wells Fargo & Company MN cut its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 534,864 shares of the company’s stock after selling 38,976 shares during the quarter. Wells Fargo & Company MN owned approximately 0.29% of Liberty Broadband Corporation worth $46,399,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Liberty Broadband Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 10,583,739 shares of the company’s stock valued at $914,435,000 after acquiring an additional 382,431 shares during the last quarter. BlackRock Inc. boosted its holdings in Liberty Broadband Corporation by 4,496.9% in the first quarter. BlackRock Inc. now owns 5,452,071 shares of the company’s stock valued at $471,058,000 after acquiring an additional 5,333,467 shares during the last quarter. FMR LLC boosted its holdings in Liberty Broadband Corporation by 2.2% in the first quarter. FMR LLC now owns 2,882,656 shares of the company’s stock valued at $249,062,000 after acquiring an additional 62,218 shares during the last quarter. State Street Corp boosted its holdings in Liberty Broadband Corporation by 3.8% in the first quarter. State Street Corp now owns 1,984,745 shares of the company’s stock valued at $171,487,000 after acquiring an additional 73,536 shares during the last quarter. Finally, Naya Capital Management UK Ltd. bought a new position in Liberty Broadband Corporation in the first quarter valued at about $86,978,000. Institutional investors own 63.18% of the company’s stock.

Several equities analysts recently issued reports on LBRDK shares. Zacks Investment Research cut Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $95.00 price target (up previously from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th. Finally, TheStreet cut Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.

Liberty Broadband Corporation (LBRDK) opened at 98.27 on Monday. Liberty Broadband Corporation has a 12-month low of $63.64 and a 12-month high of $104.66. The company has a market cap of $17.87 billion, a PE ratio of 578.06 and a beta of 1.44. The company has a 50-day moving average price of $100.47 and a 200 day moving average price of $90.47.

In other Liberty Broadband Corporation news, Director John C. Malone sold 66,920 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $100.58, for a total value of $6,730,813.60. Following the completion of the transaction, the director now owns 3,498,779 shares of the company’s stock, valued at approximately $351,907,191.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John C. Malone sold 23,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total value of $1,944,190.00. Following the completion of the transaction, the director now directly owns 3,782,554 shares of the company’s stock, valued at approximately $319,739,289.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,620 shares of company stock valued at $13,234,188. Insiders own 10.80% of the company’s stock.

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About Liberty Broadband Corporation

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDK)

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