476,609 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 476,609 shares of the company’s stock, valued at approximately $35,441,000.

A number of other large investors have also bought and sold shares of the stock. Moran Wealth Management LLC purchased a new stake in Liberty Broadband in the fourth quarter worth about $2,447,000. AlphaQuest LLC increased its holdings in Liberty Broadband by 4,115.0% during the 4th quarter. AlphaQuest LLC now owns 843 shares of the company’s stock worth $63,000 after purchasing an additional 823 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Liberty Broadband in the 4th quarter valued at $306,000. Proficio Capital Partners LLC acquired a new stake in Liberty Broadband during the 4th quarter worth about $4,390,000. Finally, Seizert Capital Partners LLC lifted its holdings in shares of Liberty Broadband by 7.5% in the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company’s stock valued at $31,521,000 after buying an additional 29,477 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on LBRDA. Rosenblatt Securities lowered Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $81.16 on Wednesday. The firm’s 50-day simple moving average is $78.53 and its 200-day simple moving average is $77.68. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The firm has a market cap of $11.63 billion, a PE ratio of 14.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.31. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $263.00 million during the quarter, compared to the consensus estimate of $252.50 million.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.19% of the stock is currently owned by insiders.

Liberty Broadband Profile

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.