Goldman Sachs Group Inc. increased its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 72.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 978,077 shares of the company’s stock after acquiring an additional 410,879 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.64% of Liberty Broadband Corporation worth $84,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Creative Planning boosted its stake in shares of Liberty Broadband Corporation by 1.9% in the second quarter. Creative Planning now owns 5,853 shares of the company’s stock worth $508,000 after acquiring an additional 107 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Liberty Broadband Corporation during the first quarter worth approximately $730,000. State Street Corp raised its stake in Liberty Broadband Corporation by 3.8% in the 1st quarter. State Street Corp now owns 1,984,745 shares of the company’s stock valued at $171,487,000 after purchasing an additional 73,536 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Liberty Broadband Corporation by 10.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 12,878 shares of the company’s stock valued at $1,113,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Liberty Broadband Corporation by 4.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 336,018 shares of the company’s stock valued at $29,150,000 after purchasing an additional 13,896 shares during the last quarter. 63.18% of the stock is owned by institutional investors.

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In other Liberty Broadband Corporation news, Director John C. Malone sold 66,920 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $100.58, for a total value of $6,730,813.60. Following the completion of the sale, the director now directly owns 3,498,779 shares of the company’s stock, valued at approximately $351,907,191.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Malone sold 5,700 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $88.62, for a total value of $505,134.00. Following the completion of the transaction, the director now owns 3,782,554 shares of the company’s stock, valued at $335,209,935.48. The disclosure for this sale can be found here. Insiders sold a total of 171,170 shares of company stock valued at $16,368,288 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

LBRDK has been the subject of a number of analyst reports. TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 target price (up from $91.00) on shares of Liberty Broadband Corporation in a research note on Monday, July 17th. Finally, Zacks Investment Research raised Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th.

Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) traded up 0.284% during trading on Wednesday, reaching $97.075. 46,424 shares of the company’s stock were exchanged. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 571.029 and a beta of 1.40. The stock has a 50 day moving average price of $99.00 and a 200-day moving average price of $91.45. Liberty Broadband Corporation has a 52 week low of $63.64 and a 52 week high of $104.66.

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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Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDK)

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