Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by abrdn plc

abrdn plc increased its position in Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,957 shares of the company’s stock after acquiring an additional 632 shares during the period. abrdn plc’s holdings in Liberty Broadband were worth $912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Liberty Broadband by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock valued at $1,719,435,000 after buying an additional 48,029 shares in the last quarter. UBS Group AG lifted its stake in shares of Liberty Broadband by 1,878.7% during the 4th quarter. UBS Group AG now owns 2,722,076 shares of the company’s stock worth $207,613,000 after purchasing an additional 2,584,509 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Liberty Broadband by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,764,592 shares of the company’s stock worth $238,784,000 after buying an additional 165,765 shares during the period. Madison Asset Management LLC raised its position in shares of Liberty Broadband by 9.8% in the 4th quarter. Madison Asset Management LLC now owns 1,216,864 shares of the company’s stock worth $92,810,000 after buying an additional 108,457 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Liberty Broadband by 44.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,211,979 shares of the company’s stock worth $89,444,000 after buying an additional 374,203 shares during the period. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Pivotal Research lowered their price target on Liberty Broadband from $150.00 to $138.00 in a report on Wednesday, May 3rd. TD Securities lowered their price target on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, February 21st. Rosenblatt Securities lowered their target price on Liberty Broadband from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, February 24th. Citigroup raised their target price on Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Finally, StockNews.com initiated coverage on Liberty Broadband in a research note on Thursday, May 18th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $127.60.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $75.52 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 1.55. Liberty Broadband Co. has a one year low of $68.67 and a one year high of $126.62. The company’s 50-day simple moving average is $78.91 and its 200-day simple moving average is $83.44. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 11.36 and a beta of 1.12.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $1.79 by ($1.32). Liberty Broadband had a return on equity of 11.84% and a net margin of 104.48%. The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $243.00 million. Equities analysts anticipate that Liberty Broadband Co. will post 7.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Broadband news, CAO Brian J. Wendling sold 6,419 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $77.59, for a total value of $498,050.21. Following the transaction, the chief accounting officer now owns 12,274 shares of the company’s stock, valued at $952,339.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Company Profile

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.