Liberty Broadband (NASDAQ:LBRDA) Price Target Raised to $113.00 at Pivotal Research

Liberty Broadband (NASDAQ:LBRDA) had its price target boosted by investment analysts at Pivotal Research from $108.00 to $113.00 in a research note issued to investors on Wednesday, November 15th, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s target price points to a potential upside of 28.67% from the company’s current price.

LBRDA has been the subject of several other reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price objective (up from $95.00) on shares of Liberty Broadband in a research note on Thursday, September 7th. BidaskClub raised shares of Liberty Broadband from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet lowered shares of Liberty Broadband from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $113.25.

Shares of Liberty Broadband (NASDAQ LBRDA) opened at $87.82 on Wednesday. Liberty Broadband has a one year low of $67.37 and a one year high of $104.35. The company has a market cap of $15,969.63, a P/E ratio of 878.20 and a beta of 1.34. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, November 9th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.08). Liberty Broadband had a return on equity of 0.22% and a net margin of 142.91%. equities analysts forecast that Liberty Broadband will post 0.13 earnings per share for the current year.

In other news, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $94.21, for a total transaction of $4,239,450.00. Following the transaction, the director now owns 3,452,779 shares in the company, valued at $325,286,309.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone sold 46,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 3,487,778 shares in the company, valued at approximately $352,056,311.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,600 shares of company stock valued at $18,015,779. 6.09% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LBRDA. D.A. Davidson & CO. boosted its position in Liberty Broadband by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock worth $137,000 after purchasing an additional 13 shares in the last quarter. Suntrust Banks Inc. boosted its position in Liberty Broadband by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 5,470 shares of the company’s stock worth $469,000 after purchasing an additional 62 shares in the last quarter. Aviva PLC boosted its position in Liberty Broadband by 0.6% in the 2nd quarter. Aviva PLC now owns 14,454 shares of the company’s stock worth $1,239,000 after purchasing an additional 80 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Liberty Broadband by 5.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock worth $257,000 after purchasing an additional 166 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN boosted its position in Liberty Broadband by 0.9% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 20,790 shares of the company’s stock worth $1,784,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 12.34% of the company’s stock.

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Liberty Broadband Company Profile

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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