Goldman Sachs Group Inc. Has $1.94 Million Position in Liberty Broadband Corp (LBRDA)

Goldman Sachs Group Inc. decreased its holdings in Liberty Broadband Corp (NASDAQ:LBRDA) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,812 shares of the company’s stock after selling 6,498 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Liberty Broadband were worth $1,940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Liberty Broadband during the 4th quarter worth approximately $124,000. First Republic Investment Management Inc. purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $208,000. GSA Capital Partners LLP purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $244,000. Vident Investment Advisory LLC purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $310,000. Finally, Stifel Financial Corp purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $317,000. 12.74% of the stock is owned by institutional investors.

LBRDA stock opened at $82.88 on Tuesday. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $14,722.59, a PE ratio of 811.90 and a beta of 1.41. Liberty Broadband Corp has a 1 year low of $80.39 and a 1 year high of $104.35.

Several equities research analysts have commented on the company. BidaskClub upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. Pivotal Research reiterated a “buy” rating and set a $134.00 price objective on shares of Liberty Broadband in a research note on Monday, March 12th. TheStreet upgraded Liberty Broadband from a “c” rating to a “b” rating in a research note on Tuesday, February 20th. Finally, ValuEngine lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $122.75.

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About Liberty Broadband

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDA)

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