Liberty Broadband Corp. (LBRDA) Stock Price Up 3.4%
Liberty Broadband Corp. (NASDAQ:LBRDA) shares rose 3.4% during trading on Thursday . The stock traded as high as $69.84 and last traded at $69.72, with a volume of 330,038 shares traded. The stock had previously closed at $67.45.
Several research analysts have recently weighed in on LBRDA shares. Deutsche Bank AG reissued a “buy” rating and issued a $76.00 price objective on shares of Liberty Broadband Corp. in a research report on Sunday, May 22nd. Pivotal Research lifted their price objective on Liberty Broadband Corp. from $74.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, May 24th. Wunderlich lifted their price objective on Liberty Broadband Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, June 22nd. Finally, Zacks Investment Research raised Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Wednesday, July 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $73.60.
The stock’s market capitalization is $7.27 billion. The company’s 50 day moving average price is $65.03 and its 200 day moving average price is $58.96.
In other Liberty Broadband Corp. 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 transaction of $128,512.73. Following the completion of the sale, the insider now directly owns 18,769 shares in the company, valued at $1,264,842.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Malone sold 122,795 shares of the company’s stock in a transaction dated 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 sale, the director now owns 4,145,781 shares of the company’s stock, valued at $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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