Liberty Broadband Corp Series A (NASDAQ:LBRDA) CEO Sells $30,568,968.00 in Stock

Liberty Broadband Corp Series A (NASDAQ:LBRDA) CEO Gregory B. Maffei sold 261,900 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $116.72, for a total transaction of $30,568,968.00.

Shares of NASDAQ:LBRDA traded up $0.90 during trading on Friday, reaching $116.72. The company’s stock had a trading volume of 57,900 shares, compared to its average volume of 110,482. The stock has a market capitalization of $21.43 billion, a PE ratio of 307.16 and a beta of 1.28. The firm’s 50 day simple moving average is $110.36 and its two-hundred day simple moving average is $103.63. Liberty Broadband Corp Series A has a 12 month low of $68.76 and a 12 month high of $120.00. The company has a current ratio of 8.04, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05.

Several research firms have commented on LBRDA. Benchmark increased their price objective on shares of Liberty Broadband Corp Series A from $134.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 4th. BidaskClub raised shares of Liberty Broadband Corp Series A from a “buy” rating to a “strong-buy” rating in a report on Friday, August 30th. Deutsche Bank dropped their price objective on shares of Liberty Broadband Corp Series A from $118.00 to $117.00 and set a “buy” rating for the company in a report on Monday, August 19th. Citigroup began coverage on shares of Liberty Broadband Corp Series A in a report on Friday, October 4th. They set a “buy” rating and a $125.00 price objective for the company. Finally, ValuEngine downgraded shares of Liberty Broadband Corp Series A from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $113.57.

Large investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in shares of Liberty Broadband Corp Series A during the second quarter worth approximately $35,000. Usca Ria LLC purchased a new position in shares of Liberty Broadband Corp Series A during the third quarter worth approximately $42,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Liberty Broadband Corp Series A by 29.7% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 498 shares of the company’s stock worth $51,000 after acquiring an additional 114 shares during the period. Pathstone Family Office LLC increased its position in shares of Liberty Broadband Corp Series A by 141.7% during the second quarter. Pathstone Family Office LLC now owns 1,008 shares of the company’s stock worth $104,000 after acquiring an additional 591 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Liberty Broadband Corp Series A during the second quarter worth approximately $106,000. 12.69% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Broadband Corp Series A

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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