Value Hunters: Look To Liberty Broadband Corporation (LBRDK)


    The Vanguard Group, Inc. recently announced the acquisition of new stake in Liberty Broadband Corporation (NASDAQ:LBRDK). The institutional investor has increased its shareholding in the Communication Services company by 0.85% to 13.93 million shares with purchase of 0.12 million shares. This fresh investment now brings its stake to 9.11% valued currently at $1.73 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.1 million to 5.03 million shares. And Principal Global Investors LLC has lifted its position by 4.75% or 0.13 million shares – to 2.83 million shares.

    With over 0.25 million Liberty Broadband Corporation (LBRDK) shares trading Tuesday and a closing price of $132.06 on the day, the dollar volume was approximately $33.08 million. The shares have shown a negative weekly performance of -1.00% and its price on 07/28/20 lost nearly -0.05%. Currently, there are 152.98M common shares owned by the public.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for LBRDK have a consensus price objective of $166.00. The analysts have set the share’s price value over the next 12 months at a high of $187.00 and a low of $155.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Liberty Broadband Corporation stock is 1.70 for the next 12 months. The average price target is 21.28% above its last price level and an upside to the estimated low will see the stock gain 14.8% over that period. But an upside of 29.38% will see the stock hit the forecast high price target while mean target price for the stock is $161.00.

    Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 877,233 shares. Insider sales of the common stock occurred on 50 occasions, with total insider shares sold totaling 1,036,988 shares.

    The top 3 mutual fund holders in Liberty Broadband Corporation are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 4.61 million shares of the company’s stock, all valued at over $571.07 million. The company sold 41864.0 shares recently to bring their total holdings to about 3.01% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.19 million shares to see its total holdings shrink to 3.6 million shares valued at over $445.76 million and representing 2.35% of the shares outstanding. Vanguard Extended Market Index Fu sold 35226.0 shares to bring its total holdings to over 2.22 million shares at a value of $275.02 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.45% of the shares outstanding.

    Shares of Liberty Broadband Corporation (NASDAQ: LBRDK) opened at $131.73, down -$0.4 from a prior closing price of $132.13. However, the script later closed the day at $132.06, down -0.05%. The company’s stock has a 5-day price change of -1.00% and 5.50% over the past three months. LBRDK shares are trading 5.02% year to date (YTD), with the 12-month market performance up to 30.53% higher. It has a 12-month low price of $86.20 and touched a high of $140.00 over the same period. Currently, 0.25 million shares have been traded, compared to an average intraday trading volume of 685.51K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.98%, 1.78%, and 7.05% respectively.

    Institutional ownership of Liberty Broadband Corporation (NASDAQ: LBRDK) shares accounts for 67.35% of the company’s 152.98M shares outstanding. Mutual fund holders own 3.55%, while other institutional holders and individual stakeholders account for 41.33% and 25.07% respectively.

    It has a market capitalization of $20.20B. The stock’s trailing 12-month PE ratio is 194.21, while the earnings-per-share (ttm) stands at $0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.32% over the week and 2.44% over the month.

    Analysts forecast that Liberty Broadband Corporation (LBRDK) will achieve an EPS of $0.45 for the current quarter, $0.34 for the next quarter and $3.57 for 2021. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.6. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to increase by 189.10%, and 93.00% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Liberty Broadband Corporation (LBRDK) as a “Strong Buy” at a consensus score of 1.70. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”


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