Liberty Broadband (NASDAQ:LBRDA) Sees Large Volume Increase - Still a Buy?

Shares of Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 62,349 shares were traded during trading, a decline of 23% from the previous session's volume of 80,825 shares.The stock last traded at $75.55 and had previously closed at $75.18.

Analysts Set New Price Targets

Several equities research analysts recently commented on LBRDA shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities cut shares of Liberty Broadband from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $91.00 to $92.00 in a report on Thursday, November 14th.

Liberty Broadband Price Performance

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm's fifty day moving average price is $80.84 and its two-hundred day moving average price is $72.28. The stock has a market capitalization of $10.79 billion, a PE ratio of 13.91 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million for the quarter, compared to analysts' expectations of $242.40 million. During the same period in the previous year, the firm earned $1.10 earnings per share.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the company's stock in a transaction that occurred 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 directly owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 196,542 shares of company stock valued at $15,834,108. Insiders own 14.19% of the company's stock.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Liberty Broadband by 9.1% during the third quarter. Signaturefd LLC now owns 2,119 shares of the company's stock worth $163,000 after acquiring an additional 177 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Liberty Broadband during the third quarter worth $30,000. GAMMA Investing LLC boosted its position in shares of Liberty Broadband by 161.8% during the third quarter. GAMMA Investing LLC now owns 631 shares of the company's stock worth $48,000 after acquiring an additional 390 shares during the last quarter. American National Bank & Trust bought a new position in shares of Liberty Broadband during the third quarter worth $32,000. Finally, Glenmede Trust Co. NA boosted its position in shares of Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock worth $76,000 after acquiring an additional 533 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors.

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.