The Liberty Broadband Corp. (LBRDA) Director Sold $8,075,106.80 in Stock

The Liberty Broadband Corp. (LBRDA) Director Sold $8,075,106.80 in Stock

Liberty Broadband Corp. (NASDAQ:LBRDA) Director John C. Malone sold 115,112 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $70.15, for a total transaction of $8,075,106.80. Following the completion of the transaction, the director now owns 4,002,935 shares in the company, valued at $280,805,890.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Broadband Corp. (NASDAQ:LBRDA) opened at 69.57 on Monday. Liberty Broadband Corp. has a 52-week low of $42.03 and a 52-week high of $71.77. The company has a 50-day moving average of $66.52 and a 200-day moving average of $64.25. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 10.99 and a beta of 1.43.

Several brokerages have commented on LBRDA. Zacks Investment Research lowered shares of Liberty Broadband Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 22nd. TheStreet upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd. Pivotal Research restated a “buy” rating and set a $94.00 target price on shares of Liberty Broadband Corp. in a research report on Monday, September 26th. Finally, Deutsche Bank AG raised their target price on shares of Liberty Broadband Corp. from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $77.00.

Institutional investors have recently added to or reduced their stakes in the company. Babson Capital Management LLC bought a new position in Liberty Broadband Corp. during the first quarter valued at approximately $1,215,000. First Republic Investment Management Inc. raised its position in Liberty Broadband Corp. by 104.4% in the first quarter. First Republic Investment Management Inc. now owns 338,334 shares of the company’s stock valued at $19,678,000 after buying an additional 172,769 shares during the period. Douglass Winthrop Advisors LLC bought a new position in Liberty Broadband Corp. during the second quarter valued at approximately $2,309,000. S&CO Inc. raised its position in Liberty Broadband Corp. by 0.6% in the second quarter. S&CO Inc. now owns 91,000 shares of the company’s stock valued at $5,405,000 after buying an additional 535 shares during the period. Finally, Locust Wood Capital Advisers LLC bought a new position in Liberty Broadband Corp. during the second quarter valued at approximately $9,424,000. 79.78% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Broadband Corp.

Related posts

Leave a Comment