Liberty Broadband Corp. (NASDAQ:LBRDA)‘s stock had its “buy” rating reaffirmed by equities researchers at Pivotal Research in a research report issued on Monday. They currently have a $94.00 target price on the stock. Pivotal Research’s price target would indicate a potential upside of 31.74% from the company’s current price.
Other analysts have also issued reports about the company. Deutsche Bank AG boosted their target price on Liberty Broadband Corp. from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research upgraded Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Wednesday, July 13th. Finally, Wunderlich boosted their target price on Liberty Broadband Corp. from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, June 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.00.
Liberty Broadband Corp. (NASDAQ:LBRDA) opened at 71.35 on Monday. The company has a 50 day moving average price of $68.47 and a 200 day moving average price of $61.39. Liberty Broadband Corp. has a 12 month low of $42.03 and a 12 month high of $71.76. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 9.86 and a beta of 1.39.
In related news, Director John C. Malone sold 122,795 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $68.45, for a total transaction of $8,405,317.75. Following the sale, the director now directly owns 4,145,781 shares in the company, valued at approximately $283,778,709.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Albert E. Rosenthaler sold 1,907 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $67.39, for a total value of $128,512.73. Following the sale, the insider now owns 18,769 shares in the company, valued at $1,264,842.91. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in LBRDA. Norges Bank acquired a new position in shares of Liberty Broadband Corp. during the fourth quarter worth $11,943,000. Teachers Advisors Inc. raised its position in shares of Liberty Broadband Corp. by 4.1% in the first quarter. Teachers Advisors Inc. now owns 38,461 shares of the company’s stock worth $2,237,000 after buying an additional 1,515 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Liberty Broadband Corp. by 2.6% in the first quarter. Franklin Resources Inc. now owns 308,117 shares of the company’s stock worth $17,920,000 after buying an additional 7,894 shares in the last quarter. BlackRock Inc. raised its position in shares of Liberty Broadband Corp. by 6.0% in the first quarter. BlackRock Inc. now owns 9,575 shares of the company’s stock worth $557,000 after buying an additional 541 shares in the last quarter. Finally, Aviva PLC raised its position in shares of Liberty Broadband Corp. by 2.3% in the first quarter. Aviva PLC now owns 11,504 shares of the company’s stock worth $669,000 after buying an additional 263 shares in the last quarter. Institutional investors and hedge funds own 79.34% of the company’s stock.
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.
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