Insider Selling: Liberty Broadband Co. (NASDAQ:LBRDK) CAO Sells 2,208 Shares of Stock

Liberty Broadband Co. (NASDAQ:LBRDK) CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Broadband Price Performance

Shares of LBRDK stock traded up $2.68 during mid-day trading on Friday, hitting $78.14. 1,411,055 shares of the stock were exchanged, compared to its average volume of 1,177,926. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.53. The firm has a fifty day moving average of $62.88 and a 200 day moving average of $56.44. The company has a market cap of $11.16 billion, a PE ratio of 12.81 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.15). The business had revenue of $246.00 million during the quarter, compared to analyst estimates of $244.25 million. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same period in the previous year, the business posted $1.71 earnings per share. Research analysts anticipate that Liberty Broadband Co. will post 9.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on LBRDK shares. Morgan Stanley upped their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. Rosenblatt Securities upped their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the stock. Wealthspire Advisors LLC increased its stake in Liberty Broadband by 6.7% during the 1st quarter. Wealthspire Advisors LLC now owns 4,244 shares of the company’s stock worth $243,000 after buying an additional 268 shares in the last quarter. Wahed Invest LLC raised its stake in Liberty Broadband by 14.2% in the 1st quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock valued at $130,000 after purchasing an additional 281 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Liberty Broadband by 4.0% during the first quarter. Daiwa Securities Group Inc. now owns 7,845 shares of the company’s stock worth $449,000 after buying an additional 300 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after buying an additional 302 shares in the last quarter. Finally, Mather Group LLC. raised its position in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after buying an additional 388 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

About Liberty Broadband

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.