Liberty Broadband (NASDAQ:LBRDA) Shares Pass Above 50 Day Moving Average - Should You Sell?

Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $77.25 and traded as high as $80.86. Liberty Broadband shares last traded at $80.38, with a volume of 46,907 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities downgraded Liberty Broadband from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $91.00 to $92.00 in a research report on Thursday, November 14th.

Liberty Broadband Stock Performance

The firm has a 50 day moving average of $77.05 and a two-hundred day moving average of $75.31. The stock has a market cap of $11.54 billion, a PE ratio of 14.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the sale, the chief executive officer now owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 196,542 shares of company stock worth $15,834,108. 14.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LBRDA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Liberty Broadband by 19.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,065 shares of the company's stock worth $2,905,000 after acquiring an additional 6,454 shares during the period. Voloridge Investment Management LLC acquired a new position in Liberty Broadband during the fourth quarter worth $483,000. Toronto Dominion Bank acquired a new position in Liberty Broadband during the fourth quarter worth $10,190,000. Quantinno Capital Management LP grew its holdings in Liberty Broadband by 86.8% during the fourth quarter. Quantinno Capital Management LP now owns 6,311 shares of the company's stock worth $469,000 after acquiring an additional 2,933 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in Liberty Broadband during the fourth quarter worth $245,000. Institutional investors and hedge funds own 10.29% of the company's stock.

Liberty Broadband Company 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.