Liberty Broadband Corporation (LBRDA) Receives Consensus Rating of “Buy” from Brokerages
Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) have received a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $111.67.
Several research firms have weighed in on LBRDA. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 target price (up previously from $95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th. TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Pivotal Research reaffirmed a “buy” rating and set a $108.00 price objective (up previously from $107.00) on shares of Liberty Broadband Corporation in a research note on Tuesday, August 15th. Finally, BidaskClub raised Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st.
In related news, Director John C. Malone sold 8,550 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $98.11, for a total transaction of $838,840.50. Following the sale, the director now owns 3,452,779 shares of the company’s stock, valued at $338,752,147.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Malone sold 182,355 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $100.23, for a total value of $18,277,441.65. Following the sale, the director now directly owns 3,729,985 shares in the company, valued at approximately $373,856,396.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 468,425 shares of company stock worth $46,111,152. Corporate insiders own 6.09% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of LBRDA. Janus Capital Management LLC acquired a new stake in Liberty Broadband Corporation in the 1st quarter worth about $1,081,000. BlackRock Inc. boosted its stake in Liberty Broadband Corporation by 20,817.7% in the 1st quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock worth $133,368,000 after buying an additional 1,559,867 shares during the last quarter. Teachers Advisors LLC boosted its stake in Liberty Broadband Corporation by 4.4% in the 4th quarter. Teachers Advisors LLC now owns 26,542 shares of the company’s stock worth $1,923,000 after buying an additional 1,125 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Liberty Broadband Corporation in the 1st quarter worth about $294,000. Finally, State of Wisconsin Investment Board boosted its stake in Liberty Broadband Corporation by 1,541.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 83,272 shares of the company’s stock worth $7,144,000 after buying an additional 78,200 shares during the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.
Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 1.59% on Friday, hitting $94.09. The stock had a trading volume of 153,717 shares. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of 553.47 and a beta of 1.48. The stock’s 50 day moving average is $99.79 and its 200 day moving average is $89.69. Liberty Broadband Corporation has a one year low of $61.69 and a one year high of $104.35.
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Liberty Broadband Corporation Company Profile
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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