Liberty Broadband (NASDAQ:LBRDA) Price Target Cut to $201.00

Liberty Broadband (NASDAQ:LBRDAGet Rating) had its price objective decreased by Benchmark to $201.00 in a report published on Friday, Stock Target Advisor reports.

Several other research firms have also recently commented on LBRDA. TheStreet cut shares of Liberty Broadband from a b- rating to a c+ rating in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Liberty Broadband from $196.00 to $158.00 in a research note on Tuesday, May 10th.

Shares of Liberty Broadband stock opened at $113.73 on Friday. The firm has a 50 day simple moving average of $124.68 and a 200 day simple moving average of $141.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 1.02. Liberty Broadband has a fifty-two week low of $103.31 and a fifty-two week high of $188.76. The firm has a market cap of $18.51 billion, a P/E ratio of 20.79 and a beta of 1.07.

Liberty Broadband (NASDAQ:LBRDAGet Rating) last released its earnings results on Friday, February 25th. The company reported $2.11 EPS for the quarter. Liberty Broadband had a net margin of 99.93% and a return on equity of 10.12%. The firm had revenue of $248.96 million during the quarter. On average, sell-side analysts expect that Liberty Broadband will post 16.31 EPS for the current year.

In other Liberty Broadband news, Director J David Wargo purchased 2,300 shares of the company’s stock in a transaction dated Friday, March 4th. The stock was purchased at an average price of $132.15 per share, with a total value of $303,945.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.63% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in LBRDA. Morgan Stanley increased its stake in Liberty Broadband by 10.3% in the second quarter. Morgan Stanley now owns 61,426 shares of the company’s stock valued at $10,330,000 after purchasing an additional 5,759 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Liberty Broadband by 19.5% during the third quarter. Advisor Group Holdings Inc. now owns 2,382 shares of the company’s stock valued at $401,000 after buying an additional 389 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Liberty Broadband by 5.3% during the third quarter. Truist Financial Corp now owns 1,260 shares of the company’s stock valued at $212,000 after buying an additional 63 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Liberty Broadband by 2.6% during the third quarter. BlackRock Inc. now owns 1,175,692 shares of the company’s stock valued at $197,928,000 after buying an additional 29,574 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Liberty Broadband by 16.1% during the third quarter. Barclays PLC now owns 29,363 shares of the company’s stock valued at $4,943,000 after buying an additional 4,078 shares during the last quarter. 11.67% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Company Profile (Get Rating)

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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