Shares of Liberty Broadband Corp. (NASDAQ:LBRDA) reached a new 52-week high during trading on Wednesday . The company traded as high as $70.09 and last traded at $67.07, with a volume of 145,112 shares traded. The stock had previously closed at $67.50.

A number of research firms recently commented on LBRDA. Deutsche Bank AG reiterated a “buy” rating and issued a $76.00 target price on shares of Liberty Broadband Corp. in a report on Sunday, May 22nd. Pivotal Research boosted their target price on shares of Liberty Broadband Corp. from $74.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 24th. Wunderlich boosted their target price on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, June 22nd. Finally, Zacks Investment Research upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Wednesday, July 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Liberty Broadband Corp. has a consensus rating of “Buy” and an average target price of $73.60.

The stock’s market cap is $6.94 billion. The firm has a 50-day moving average of $64.39 and a 200-day moving average of $58.73.

In other news, insider Albert E. Rosenthaler sold 1,907 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,264,842.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Malone sold 66,500 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $59.37, for a total transaction of $3,948,105.00. Following the completion of the sale, the director now directly owns 4,175,054 shares in the company, valued at approximately $247,872,955.98. The disclosure for this sale can be found here.

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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