Trade Report: The Insider Selling: Liberty Broadband Corp. (LBRDK) Director Sold $1,741,751.46 in Stock

The Insider Selling: Liberty Broadband Corp. (LBRDK) Director Sold $1,741,751.46 in Stock

Liberty Broadband Corp. (NASDAQ:LBRDK) Director John C. Malone sold 25,119 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $69.34, for a total transaction of $1,741,751.46. Following the sale, the director now owns 4,002,935 shares in the company, valued at $277,563,512.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) opened at 71.33 on Monday. The firm has a market capitalization of $12.96 billion, a P/E ratio of 11.27 and a beta of 1.40. Liberty Broadband Corp. has a 12-month low of $41.30 and a 12-month high of $72.94. The stock has a 50 day moving average of $68.12 and a 200-day moving average of $65.12.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBRDK. JPMorgan Chase & Co. increased its position in Liberty Broadband Corp. by 40.0% in the first quarter. JPMorgan Chase & Co. now owns 37,201 shares of the company’s stock valued at $2,156,000 after buying an additional 10,622 shares in the last quarter. State Street Corp increased its position in Liberty Broadband Corp. by 2.0% in the first quarter. State Street Corp now owns 852,241 shares of the company’s stock valued at $49,388,000 after buying an additional 16,410 shares in the last quarter. Geode Capital Management LLC increased its position in Liberty Broadband Corp. by 3.5% in the first quarter. Geode Capital Management LLC now owns 439,858 shares of the company’s stock valued at $25,489,000 after buying an additional 14,752 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Liberty Broadband Corp. by 34.4% in the first quarter. Envestnet Asset Management Inc. now owns 45,888 shares of the company’s stock valued at $2,659,000 after buying an additional 11,749 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in Liberty Broadband Corp. during the first quarter valued at about $812,000. 66.38% of the stock is owned by institutional investors.

LBRDK has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. TheStreet upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd.

About Liberty Broadband Corp.

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