Geode Capital Management LLC Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Geode Capital Management LLC boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,612 shares of the company's stock after purchasing an additional 27,059 shares during the quarter. Geode Capital Management LLC owned about 0.17% of Liberty Broadband worth $18,575,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in Liberty Broadband in the fourth quarter worth approximately $35,441,000. Norges Bank purchased a new stake in shares of Liberty Broadband during the 4th quarter worth $15,896,000. Virtu Financial LLC boosted its position in Liberty Broadband by 199.4% during the fourth quarter. Virtu Financial LLC now owns 107,135 shares of the company's stock valued at $7,967,000 after purchasing an additional 71,354 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Liberty Broadband in the fourth quarter valued at about $4,390,000. Finally, Vanguard Group Inc. raised its holdings in Liberty Broadband by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock worth $108,773,000 after purchasing an additional 49,547 shares in the last quarter. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Trading Up 2.4 %

Shares of NASDAQ:LBRDA opened at $77.30 on Friday. The business's 50-day moving average is $80.95 and its 200 day moving average is $80.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The firm has a market capitalization of $11.08 billion, a P/E ratio of 14.24 and a beta of 1.03.

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

Analyst Ratings Changes

Separately, Benchmark lowered their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Liberty Broadband has an average rating of "Hold" and a consensus price target of $86.20.

About Liberty Broadband

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.

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