Liberty Broadband (NASDAQ:LBRDA) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $83.74 and traded as high as $100.77. Liberty Broadband shares last traded at $99.79, with a volume of 41,378 shares trading hands.

Wall Street Analyst Weigh In

Separately, Benchmark dropped their target price on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, March 31st.

Liberty Broadband Trading Down 2.1%

The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 15.62 and a beta of 1.00. The business has a fifty day simple moving average of $93.76 and a 200-day simple moving average of $84.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.20 by $0.67. The company had revenue of $266.00 million for the quarter, compared to analyst estimates of $248.60 million. Liberty Broadband had a return on equity of 9.24% and a net margin of 86.40%.

Institutional Trading of Liberty Broadband

A number of hedge funds have recently bought and sold shares of LBRDA. Farther Finance Advisors LLC grew its position in Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after buying an additional 330 shares in the last quarter. American National Bank & Trust purchased a new position in Liberty Broadband during the first quarter worth about $32,000. Sterling Capital Management LLC boosted its holdings in shares of Liberty Broadband by 48.2% in the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after purchasing an additional 265 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Liberty Broadband by 4,115.0% in the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock worth $63,000 after purchasing an additional 823 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Liberty Broadband by 8,480.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock worth $159,000 after purchasing an additional 2,120 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors.

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.