Liberty Broadband Corp. (LBRDA) Trading Up 3.4%
Liberty Broadband Corp. (NASDAQ:LBRDA) was up 3.4% during trading on Thursday . The company traded as high as $69.84 and last traded at $69.72, with a volume of 330,038 shares trading hands. The stock had previously closed at $67.45.
A number of equities research analysts recently commented on LBRDA shares. Deutsche Bank AG reissued a “buy” rating and set a $76.00 target price on shares of Liberty Broadband Corp. in a research report on Sunday, May 22nd. Pivotal Research increased their target price on shares of Liberty Broadband Corp. from $74.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, May 24th. Wunderlich increased their target price on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, June 22nd. Finally, Zacks Investment Research raised shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $73.60.
The stock has a 50-day moving average price of $64.56 and a 200-day moving average price of $58.80. The company’s market capitalization is $7.29 billion.
In other Liberty Broadband Corp. news, Director John C. Malone sold 66,500 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $59.37, for a total transaction of $3,948,105.00. Following the completion of the transaction, the director now owns 4,175,054 shares in the company, valued at approximately $247,872,955.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 122,795 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $68.45, for a total transaction of $8,405,317.75. Following the transaction, the director now owns 4,145,781 shares of the company’s stock, valued at approximately $283,778,709.45. 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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