Brokerages Set Liberty Broadband Corp Series A (LBRDA) PT at $108.50

Liberty Broadband Corp Series A (NASDAQ:LBRDA) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $108.50.

A number of equities analysts have weighed in on the company. Deutsche Bank boosted their price target on Liberty Broadband Corp Series A from $107.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Macquarie downgraded Liberty Broadband Corp Series A from an “outperform” rating to a “neutral” rating and set a $104.00 price target on the stock. in a research report on Tuesday, April 9th. Zacks Investment Research downgraded Liberty Broadband Corp Series A from a “hold” rating to a “strong sell” rating in a research report on Saturday. BidaskClub raised Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Pivotal Research reissued a “buy” rating and set a $107.00 price target on shares of Liberty Broadband Corp Series A in a research report on Tuesday, March 5th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Liberty Broadband Corp Series A in the fourth quarter valued at approximately $47,436,000. FMR LLC grew its position in shares of Liberty Broadband Corp Series A by 27.0% in the first quarter. FMR LLC now owns 1,676,947 shares of the company’s stock valued at $153,675,000 after purchasing an additional 356,233 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Liberty Broadband Corp Series A in the fourth quarter valued at approximately $11,127,000. Geode Capital Management LLC grew its position in shares of Liberty Broadband Corp Series A by 22.4% in the fourth quarter. Geode Capital Management LLC now owns 306,757 shares of the company’s stock valued at $22,028,000 after purchasing an additional 56,177 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Liberty Broadband Corp Series A by 2,867.4% in the first quarter. BNP Paribas Arbitrage SA now owns 46,380 shares of the company’s stock valued at $4,250,000 after purchasing an additional 44,817 shares during the last quarter. 12.33% of the stock is currently owned by hedge funds and other institutional investors.



LBRDA traded up $0.19 on Friday, hitting $99.40. 86,648 shares of the company were exchanged, compared to its average volume of 116,176. Liberty Broadband Corp Series A has a 12 month low of $67.75 and a 12 month high of $101.79. The firm has a market capitalization of $18.03 billion, a PE ratio of 261.58 and a beta of 1.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 12.76 and a current ratio of 12.76.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.32). Liberty Broadband Corp Series A had a return on equity of 0.67% and a net margin of 507.95%. On average, research analysts forecast that Liberty Broadband Corp Series A will post 1.35 earnings per share for the current year.

About Liberty Broadband Corp Series A

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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