Liberty Broadband Corp. (LBRDA) Trading Down 0.9%
Liberty Broadband Corp. (NASDAQ:LBRDA)’s share price traded down 0.9% during trading on Friday . The stock traded as low as $69.72 and last traded at $69.88, with a volume of 156,018 shares changing hands. The stock had previously closed at $70.53.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Deutsche Bank AG raised their target price 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. Wunderlich raised 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 note on Wednesday, June 22nd. Finally, Pivotal Research raised 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 note on Tuesday, May 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Liberty Broadband Corp. presently has a consensus rating of “Buy” and a consensus target price of $73.60.
The firm’s 50-day moving average is $64.80 and its 200-day moving average is $58.88. The firm’s market capitalization is $7.27 billion.
In other news, insider Albert E. Rosenthaler sold 1,907 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,264,842.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone sold 122,795 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $68.45, for a total transaction of $8,405,317.75. Following the completion of the sale, the director now owns 4,145,781 shares in the company, 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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