Key Points
- Director J. David Wargo sold 2,889 shares on Dec. 5 at an average of $47.10 for $136,071.90, cutting his stake by 8.39% to 31,542 shares valued at about $1.49M.
- Liberty Broadband trades in the mid-$40s (opened $47.43), has a market cap of $6.81B and a P/E of 8.59, and reported a strong quarter on Nov. 5 with $1.77 EPS (beat of $0.57) and a reported net margin of 103.04%.
- Analyst views are mixed: the MarketBeat consensus is a Hold with a $115 price target, while Weiss Ratings recently reissued a sell (d+) rating.
Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report) Director J David Wargo sold 2,889 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the completion of the sale, the director directly owned 31,542 shares of the company's stock, valued at approximately $1,485,628.20. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Liberty Broadband Stock Up 0.4%
Shares of NASDAQ:LBRDA opened at $47.43 on Wednesday. The business's 50 day moving average is $52.72 and its 200 day moving average is $68.07. Liberty Broadband Corporation has a 12-month low of $44.51 and a 12-month high of $102.38. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 8.59 and a beta of 0.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.57. Liberty Broadband had a return on equity of 12.23% and a net margin of 103.04%.
Institutional Investors Weigh In On Liberty Broadband
Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of Liberty Broadband by 21.2% during the 2nd quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $68,000 after purchasing an additional 122 shares during the period. American Century Companies Inc. increased its holdings in Liberty Broadband by 4.4% during the first quarter. American Century Companies Inc. now owns 3,188 shares of the company's stock worth $271,000 after buying an additional 135 shares during the last quarter. Parallel Advisors LLC raised its position in Liberty Broadband by 10.8% in the second quarter. Parallel Advisors LLC now owns 1,798 shares of the company's stock worth $176,000 after acquiring an additional 175 shares during the period. Inspire Investing LLC boosted its stake in Liberty Broadband by 5.1% in the first quarter. Inspire Investing LLC now owns 3,660 shares of the company's stock valued at $311,000 after acquiring an additional 179 shares during the last quarter. Finally, S&CO Inc. boosted its stake in Liberty Broadband by 0.3% in the second quarter. S&CO Inc. now owns 81,425 shares of the company's stock valued at $7,964,000 after acquiring an additional 220 shares during the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Liberty Broadband in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $115.00.
Get Our Latest Research Report on Liberty Broadband
About Liberty Broadband
(
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Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.
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