Liberty Broadband (NASDAQ:LBRDA) Price Target Lowered to $110.00 at Deutsche Bank Aktiengesellschaft

Liberty Broadband (NASDAQ:LBRDA – Get Rating) had its target price reduced by Deutsche Bank Aktiengesellschaft from $120.00 to $110.00 in a research report report published on Thursday morning, The Fly reports.

Separately, Pivotal Research lifted their price target on shares of Liberty Broadband from $127.00 to $150.00 and gave the stock a buy rating in a report on Tuesday, February 21st.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $72.71 on Thursday. Liberty Broadband has a 52 week low of $68.15 and a 52 week high of $123.74. The company’s 50 day moving average price is $78.66 and its two-hundred day moving average price is $83.19. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The stock has a market cap of $10.63 billion, a P/E ratio of 10.93 and a beta of 1.14.

Liberty Broadband (NASDAQ:LBRDA – Get Rating) last posted its earnings results on Tuesday, May 2nd. The company reported $0.47 EPS for the quarter. Liberty Broadband had a net margin of 104.48% and a return on equity of 11.84%. The firm had revenue of $246.00 million for the quarter.

Insider Buying and Selling

In related news, CAO Brian J. Wendling sold 6,419 shares of Liberty Broadband stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $77.59, for a total value of $498,050.21. Following the sale, the chief accounting officer now owns 12,274 shares of the company’s stock, valued at approximately $952,339.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LBRDA. Ridgewood Investments LLC purchased a new position in shares of Liberty Broadband during the 1st quarter valued at $28,000. Simplex Trading LLC grew its position in shares of Liberty Broadband by 290.0% during the 4th quarter. Simplex Trading LLC now owns 390 shares of the company’s stock valued at $29,000 after purchasing an additional 290 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Liberty Broadband during the 1st quarter valued at $31,000. Bessemer Group Inc. grew its position in shares of Liberty Broadband by 1,328.6% during the 1st quarter. Bessemer Group Inc. now owns 500 shares of the company’s stock valued at $41,000 after purchasing an additional 465 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of Liberty Broadband by 24.1% during the 4th quarter. Lindbrook Capital LLC now owns 572 shares of the company’s stock valued at $43,000 after purchasing an additional 111 shares in the last quarter. 12.60% of the stock is currently owned by hedge funds and other institutional investors.

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.