Liberty Broadband Corporation (NASDAQ:LBRDA) has been given an average rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $111.67.

LBRDA has been the topic of several analyst reports. BidaskClub cut shares of Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price target (up previously from $95.00) on shares of Liberty Broadband Corporation in a research note on Thursday, September 7th. Pivotal Research reiterated a “buy” rating and set a $108.00 price target (up previously from $107.00) on shares of Liberty Broadband Corporation in a research note on Tuesday, August 15th. Finally, TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th.

In other news, Director John C. Malone sold 23,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $84.53, for a total transaction of $1,944,190.00. Following the sale, the director now directly owns 3,782,554 shares in the company, valued at approximately $319,739,289.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone sold 5,700 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $88.62, for a total transaction of $505,134.00. Following the sale, the director now owns 3,782,554 shares in the company, valued at $335,209,935.48. The disclosure for this sale can be found here. Insiders have sold a total of 459,875 shares of company stock worth $45,272,311 over the last 90 days. Insiders own 6.09% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Liberty Broadband Corporation by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,748,982 shares of the company’s stock valued at $150,045,000 after purchasing an additional 75,769 shares during the period. FMR LLC increased its holdings in Liberty Broadband Corporation by 32.5% in the 1st quarter. FMR LLC now owns 1,722,101 shares of the company’s stock valued at $146,534,000 after acquiring an additional 422,727 shares during the last quarter. 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 valued at $133,368,000 after acquiring an additional 1,559,867 shares during the last quarter. Artemis Investment Management LLP increased its holdings in Liberty Broadband Corporation by 40.6% in the 2nd quarter. Artemis Investment Management LLP now owns 669,279 shares of the company’s stock valued at $58,050,000 after acquiring an additional 193,130 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Liberty Broadband Corporation by 8.1% in the 2nd quarter. Franklin Resources Inc. now owns 333,328 shares of the company’s stock valued at $28,596,000 after acquiring an additional 25,016 shares during the last quarter. Hedge funds and other institutional investors own 11.85% of the company’s stock.

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Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 0.87% during midday trading on Friday, reaching $95.45. 175,425 shares of the company’s stock were exchanged. Liberty Broadband Corporation has a one year low of $61.69 and a one year high of $104.35. The firm has a 50 day moving average of $99.90 and a 200-day moving average of $89.61. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 561.47 and a beta of 1.48.

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.

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