Liberty Broadband (NASDAQ:LBRDA) Stock Price Passes Above Fifty Day Moving Average - Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $93.23 and traded as high as $100.77. Liberty Broadband shares last traded at $99.79, with a volume of 41,378 shares.

Analysts Set New Price Targets

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

Liberty Broadband Trading Down 2.1%

The business's 50 day moving average is $93.76 and its two-hundred day moving average is $84.12. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $14.01 billion, a P/E ratio of 15.62 and a beta of 1.00.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LBRDA. Aristeia Capital L.L.C. raised its stake in shares of Liberty Broadband by 9.1% in the fourth quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock valued at $124,586,000 after purchasing an additional 139,186 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Liberty Broadband by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,523,068 shares of the company's stock valued at $129,461,000 after purchasing an additional 60,274 shares in the last quarter. JNE Partners LLP acquired a new position in shares of Liberty Broadband in the fourth quarter valued at $47,230,000. Wealthfront Advisers LLC acquired a new position in shares of Liberty Broadband in the fourth quarter valued at $35,441,000. Finally, Seizert Capital Partners LLC raised its stake in Liberty Broadband by 12.0% during the first quarter. Seizert Capital Partners LLC now owns 474,628 shares of the company's stock worth $40,343,000 after acquiring an additional 50,733 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors and hedge funds.

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.