Liberty Broadband Corp. (NASDAQ:LBRDA) Director John C. Malone sold 30,888 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $70.51, for a total transaction of $2,177,912.88. Following the transaction, the director now directly owns 3,882,054 shares of the company’s stock, valued at approximately $273,723,627.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Liberty Broadband Corp. (NASDAQ:LBRDA) opened at 70.05 on Wednesday. The firm has a market cap of $12.73 billion, a P/E ratio of 11.06 and a beta of 1.43. The company’s 50-day moving average is $66.51 and its 200-day moving average is $64.39. Liberty Broadband Corp. has a 52-week low of $42.03 and a 52-week high of $71.77.

Insider Buying and Selling by Quarter for Liberty Broadband Corp. (NASDAQ:LBRDA)

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its position in Liberty Broadband Corp. by 305.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 122,376 shares of the company’s stock worth $7,321,000 after buying an additional 92,201 shares during the last quarter. Calvert Investment Management Inc. raised its position in Liberty Broadband Corp. by 76.4% in the second quarter. Calvert Investment Management Inc. now owns 10,571 shares of the company’s stock worth $628,000 after buying an additional 4,578 shares during the last quarter. California Public Employees Retirement System raised its position in Liberty Broadband Corp. by 10.0% in the second quarter. California Public Employees Retirement System now owns 57,000 shares of the company’s stock worth $3,386,000 after buying an additional 5,200 shares during the last quarter. RMB Capital Management LLC purchased a new position in Liberty Broadband Corp. during the second quarter worth about $681,000. Finally, Swiss National Bank raised its position in Liberty Broadband Corp. by 9.8% in the second quarter. Swiss National Bank now owns 42,463 shares of the company’s stock worth $2,522,000 after buying an additional 3,800 shares during the last quarter. 79.78% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Corp. Company Profile

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.

5 Day Chart for NASDAQ:LBRDA

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