Liberty Broadband Corporation (NASDAQ:LBRDA) had its price objective upped by from $108.00 to $113.00 in a research note issued to investors on Wednesday. currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Pivotal Research raised their price objective on Liberty Broadband Corporation from $108.00 to $113.00 and gave the company a buy rating in a research note on Wednesday. Telsey Advisory Group reissued an outperform rating and issued a $125.00 price objective (up previously from $95.00) on shares of Liberty Broadband Corporation in a research note on Thursday, September 7th. TheStreet cut Liberty Broadband Corporation from a b rating to a c+ rating in a research note on Wednesday, August 16th. Finally, BidaskClub raised Liberty Broadband Corporation from a buy rating to a strong-buy rating in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $113.25.

Liberty Broadband Corporation (NASDAQ LBRDA) traded up $1.31 during midday trading on Wednesday, reaching $89.56. The company had a trading volume of 122,266 shares, compared to its average volume of 169,693. Liberty Broadband Corporation has a fifty-two week low of $66.76 and a fifty-two week high of $104.35. The firm has a market capitalization of $16,520.00 and a PE ratio of 868.50. The company has a quick ratio of 11.64, a current ratio of 11.64 and a debt-to-equity ratio of 0.06.

Liberty Broadband Corporation (NASDAQ:LBRDA) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband Corporation had a net margin of 142.91% and a return on equity of 0.22%.

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In related news, Director John C. Malone sold 8,550 shares of Liberty Broadband Corporation stock in a transaction that occurred 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 transaction, the director now owns 3,452,779 shares of the company’s stock, valued at $338,752,147.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Malone sold 46,000 shares of Liberty Broadband Corporation stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $100.94, for a total value of $4,643,240.00. Following the transaction, the director now directly owns 3,487,778 shares in the company, valued at approximately $352,056,311.32. The disclosure for this sale can be found here. Insiders sold 299,520 shares of company stock valued at $29,279,408 in the last three months. Insiders own 6.09% of the company’s stock.

Large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its position in shares of Liberty Broadband Corporation by 42.0% during the second quarter. UBS Asset Management Americas Inc. now owns 9,350 shares of the company’s stock valued at $802,000 after buying an additional 2,764 shares during the last quarter. Janus Capital Management LLC purchased a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $1,081,000. BlackRock Inc. boosted its position in shares of Liberty Broadband Corporation by 20,817.7% during the first quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock valued at $133,368,000 after buying an additional 1,559,867 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $294,000. Finally, State of Wisconsin Investment Board boosted its position in shares of Liberty Broadband Corporation by 1,541.8% during the second quarter. State of Wisconsin Investment Board now owns 83,272 shares of the company’s stock valued at $7,144,000 after buying an additional 78,200 shares during the last quarter. 12.02% of the stock is currently owned by institutional investors.

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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