Pivotal Research Raises Liberty Broadband Corporation (LBRDA) Price Target to $113.00
Liberty Broadband Corporation (NASDAQ:LBRDA) had its price objective upped by Pivotal Research from $108.00 to $113.00 in a research note released on Wednesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.
A number of other research firms have also recently weighed in on LBRDA. Telsey Advisory Group reaffirmed an outperform rating and set a $125.00 price objective (up previously from $95.00) on shares of Liberty Broadband Corporation in a research report on Thursday, September 7th. BidaskClub raised shares of Liberty Broadband Corporation from a buy rating to a strong-buy rating in a research report on Tuesday, August 1st. Finally, TheStreet cut shares of Liberty Broadband Corporation from a b rating to a c+ rating in a research report on Wednesday, August 16th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $113.25.
Liberty Broadband Corporation (NASDAQ LBRDA) traded up $1.31 during trading on Wednesday, hitting $89.56. 122,266 shares of the stock traded hands, compared to its average volume of 169,693. Liberty Broadband Corporation has a twelve month low of $66.76 and a twelve month high of $104.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. The stock has a market cap of $16,520.00 and a PE ratio of 868.50.
Liberty Broadband Corporation (NASDAQ:LBRDA) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.08). Liberty Broadband Corporation had a net margin of 142.91% and a return on equity of 0.22%.
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In other Liberty Broadband Corporation news, Director John C. Malone sold 46,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $100.94, for a total transaction of $4,643,240.00. Following the sale, the director now directly owns 3,487,778 shares in the company, valued at approximately $352,056,311.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Malone sold 111,920 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $100.64, for a total transaction of $11,263,628.80. Following the sale, the director now owns 3,498,779 shares in the company, valued at $352,117,118.56. The disclosure for this sale can be found here. Insiders have sold a total of 299,520 shares of company stock valued at $29,279,408 in the last ninety days. 6.09% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its holdings in shares of Liberty Broadband Corporation by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after purchasing an additional 13 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Liberty Broadband Corporation in the 3rd quarter valued at $140,000. Palladium Partners LLC acquired a new stake in shares of Liberty Broadband Corporation in the 3rd quarter valued at $202,000. Trexquant Investment LP acquired a new stake in shares of Liberty Broadband Corporation in the 3rd quarter valued at $208,000. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Liberty Broadband Corporation in the 3rd quarter valued at $208,000. Institutional investors own 12.02% of the company’s stock.
About Liberty Broadband Corporation
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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