Liberty Broadband Co. (NASDAQ:LBRDA – Get Free Report) CAO Brian J. Wendling sold 2,208 shares of the 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 owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Liberty Broadband Stock Performance
Shares of Liberty Broadband stock traded up $2.57 on Friday, hitting $77.74. The stock had a trading volume of 147,327 shares, compared to its average volume of 151,384. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 12.76 and a beta of 1.04. The business’s 50 day moving average is $61.87 and its two-hundred day moving average is $56.10. 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 twelve month low of $47.17 and a twelve month high of $95.08.
Liberty Broadband (NASDAQ:LBRDA – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($1.76). The firm had revenue of $246.00 million for the quarter. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter last year, the firm earned $1.71 EPS.
Institutional Trading of Liberty Broadband
Analysts Set New Price Targets
LBRDA has been the topic of several research analyst reports. Citigroup lowered Liberty Broadband from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $67.00 to $57.00 in a research note on Wednesday, July 3rd. Evercore ISI dropped their price target on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th.
Check Out Our Latest Report on LBRDA
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.
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