JPMorgan Chase & Co. Has $485,000 Stake in Liberty Broadband Corp (LBRDA)

JPMorgan Chase & Co. increased its position in Liberty Broadband Corp (NASDAQ:LBRDA) by 1,568.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,189 shares of the company’s stock after purchasing an additional 4,878 shares during the period. JPMorgan Chase & Co.’s holdings in Liberty Broadband were worth $485,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its holdings in shares of Liberty Broadband by 42.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,350 shares of the company’s stock valued at $802,000 after purchasing an additional 2,764 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Liberty Broadband by 18.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,382 shares of the company’s stock valued at $976,000 after purchasing an additional 1,757 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Liberty Broadband by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,829 shares of the company’s stock valued at $5,391,000 after purchasing an additional 4,981 shares during the last quarter. Markel Corp lifted its holdings in shares of Liberty Broadband by 12.0% in the 3rd quarter. Markel Corp now owns 205,250 shares of the company’s stock valued at $19,330,000 after purchasing an additional 22,000 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Liberty Broadband by 62.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,103 shares of the company’s stock valued at $669,000 after purchasing an additional 2,724 shares during the last quarter. 12.33% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on LBRDA. Buckingham Research began coverage on Liberty Broadband in a research note on Wednesday, December 13th. They set a “buy” rating and a $119.00 price objective for the company. BidaskClub downgraded Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Pivotal Research upped their price objective on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, upped their price objective on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Liberty Broadband currently has a consensus rating of “Buy” and a consensus price target of $114.40.

In other Liberty Broadband news, Director John E. Welsh III bought 2,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was acquired at an average cost of $85.50 per share, with a total value of $171,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John C. Malone sold 45,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $93.32, for a total value of $4,199,400.00. The disclosure for this sale can be found here. Corporate insiders own 6.09% of the company’s stock.

Shares of Liberty Broadband Corp (LBRDA) opened at $89.44 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. The company has a market capitalization of $16,420.60, a P/E ratio of 894.49 and a beta of 1.33. Liberty Broadband Corp has a one year low of $74.38 and a one year high of $104.35.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Wednesday, November 1st. The company reported ($0.05) EPS for the quarter. Liberty Broadband had a net margin of 142.91% and a return on equity of 0.22%. equities research analysts predict that Liberty Broadband Corp will post 0.13 earnings per share for the current year.

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Liberty Broadband Profile

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.

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

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