Gregory B. Maffei Sells 261,900 Shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) Stock

Liberty Broadband Corp Series A (NASDAQ:LBRDA) CEO Gregory B. Maffei sold 261,900 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $116.72, for a total value of $30,568,968.00. Following the completion of the sale, the chief executive officer now owns 270,020 shares in the company, valued at $31,516,734.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Broadband Corp Series A stock traded down $1.63 during trading hours on Wednesday, reaching $116.22. The company had a trading volume of 143,149 shares, compared to its average volume of 112,313. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.04 and a quick ratio of 8.04. The company has a 50-day moving average price of $116.13 and a 200 day moving average price of $106.05. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 305.84 and a beta of 1.27. Liberty Broadband Corp Series A has a 12-month low of $68.76 and a 12-month high of $120.25.

A number of brokerages recently issued reports on LBRDA. Deutsche Bank increased their target price on Liberty Broadband Corp Series A from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. ValuEngine lowered Liberty Broadband Corp Series A from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Citigroup initiated coverage on Liberty Broadband Corp Series A in a research report on Friday, October 4th. They issued a “buy” rating and a $125.00 price target for the company. TD Securities raised Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, BidaskClub raised Liberty Broadband Corp Series A from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $116.57.

Institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in shares of Liberty Broadband Corp Series A during the second quarter valued at approximately $35,000. Usca Ria LLC purchased a new position in shares of Liberty Broadband Corp Series A in the third quarter worth $42,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Liberty Broadband Corp Series A by 29.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 498 shares of the company’s stock worth $51,000 after purchasing an additional 114 shares during the last quarter. Pathstone Family Office LLC increased its position in 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 valued at $104,000 after acquiring an additional 591 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Liberty Broadband Corp Series A during the second quarter valued at $106,000. 11.66% of the stock is currently owned by hedge funds and other institutional investors.

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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