TIAA CREF Investment Management LLC increased its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,130 shares of the company’s stock after acquiring an additional 3,716 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Liberty Broadband Corporation were worth $6,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Capital Management LLC purchased a new stake in Liberty Broadband Corporation in the 1st quarter worth $1,081,000. BlackRock Inc. increased its holdings 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 acquiring an additional 1,559,867 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Liberty Broadband Corporation in the 1st quarter worth $294,000. State of Wisconsin Investment Board increased its holdings 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 acquiring an additional 78,200 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in Liberty Broadband Corporation by 35.0% in the 2nd quarter. Aperio Group LLC now owns 4,681 shares of the company’s stock worth $402,000 after acquiring an additional 1,214 shares in the last quarter. 11.85% of the stock is owned by institutional investors.

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In other news, Director John C. Malone sold 34,500 shares of Liberty Broadband Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $95.18, for a total transaction of $3,283,710.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Malone sold 11,400 shares of Liberty Broadband Corporation stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.98, for a total value of $1,162,572.00. Following the transaction, the director now directly owns 3,748,054 shares of the company’s stock, valued at approximately $382,226,546.92. The disclosure for this sale can be found here. In the last three months, insiders sold 524,925 shares of company stock valued at $51,690,122. 6.09% of the stock is owned by corporate insiders.

LBRDA has been the subject of several recent analyst reports. BidaskClub lowered shares of Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Pivotal Research reissued a “buy” rating and issued a $108.00 price target (up previously from $107.00) on shares of Liberty Broadband Corporation in a report on Tuesday, August 15th. TheStreet lowered shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price target (up previously from $95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $111.67.

Shares of Liberty Broadband Corporation (LBRDA) opened at 93.46 on Friday. The stock’s 50 day moving average is $97.09 and its 200-day moving average is $90.91. Liberty Broadband Corporation has a 12-month low of $61.69 and a 12-month high of $104.35. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 549.76 and a beta of 1.43.

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.

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

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