Toronto Dominion Bank increased its position in Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 29.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,712 shares of the company’s stock after acquiring an additional 8,362 shares during the quarter. Toronto Dominion Bank’s holdings in Liberty Broadband were worth $2,798,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Liberty Broadband by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock valued at $1,719,435,000 after buying an additional 48,029 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Liberty Broadband by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,764,592 shares of the company’s stock valued at $238,784,000 after buying an additional 165,765 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Liberty Broadband by 44.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,211,979 shares of the company’s stock valued at $89,444,000 after buying an additional 374,203 shares in the last quarter. Northern Trust Corp grew its holdings in Liberty Broadband by 1.2% during the 1st quarter. Northern Trust Corp now owns 1,186,286 shares of the company’s stock valued at $160,528,000 after buying an additional 14,288 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd grew its holdings in Liberty Broadband by 3.0% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 820,683 shares of the company’s stock valued at $62,593,000 after buying an additional 23,912 shares in the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
LBRDK has been the subject of a number of research reports. StockNews.com initiated coverage on Liberty Broadband in a research report on Thursday, March 16th. They set a “sell” rating for the company. Pivotal Research lowered their target price on Liberty Broadband from $150.00 to $138.00 in a research report on Wednesday, May 3rd. Citigroup increased their target price on Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Rosenblatt Securities lowered their target price on Liberty Broadband from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Finally, TD Securities lowered their target price on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Liberty Broadband currently has an average rating of “Hold” and a consensus target price of $127.60.
Liberty Broadband Stock Down 3.4 %
Liberty Broadband (NASDAQ:LBRDK – Get Rating) last issued its quarterly earnings results on Friday, February 17th. The company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.54). Liberty Broadband had a return on equity of 11.84% and a net margin of 104.48%. The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $234.74 million. On average, sell-side analysts expect that Liberty Broadband Co. will post 7.52 EPS for the current year.
Liberty Broadband Company Profile
Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.
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