Liberty Broadband (NASDAQ:LBRDA) Price Target Cut to $120.00 by Analysts at Deutsche Bank Aktiengesellschaft

Liberty Broadband (NASDAQ:LBRDA – Get Rating) had its target price dropped by equities researchers at Deutsche Bank Aktiengesellschaft from $131.00 to $120.00 in a research report issued to clients and investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 51.78% from the company’s previous close.

A number of other research firms also recently issued reports on LBRDA. Evercore ISI dropped their target price on shares of Liberty Broadband to $126.00 in a research report on Wednesday, December 14th. Pivotal Research boosted their target price on shares of Liberty Broadband from $127.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Finally, Benchmark dropped their target price on shares of Liberty Broadband from $201.00 to $156.00 in a research report on Monday, December 12th.

Liberty Broadband Trading Down 0.2 %

NASDAQ:LBRDA opened at $79.06 on Friday. The firm’s fifty day moving average is $88.25 and its 200-day moving average is $85.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.39 and a current ratio of 0.39. Liberty Broadband has a 52 week low of $68.15 and a 52 week high of $138.18. The firm has a market cap of $11.57 billion, a P/E ratio of 9.94 and a beta of 1.16.

Liberty Broadband (NASDAQ:LBRDA – Get Rating) last posted its quarterly earnings data on Friday, February 17th. The company reported $1.26 EPS for the quarter. Liberty Broadband had a net margin of 128.92% and a return on equity of 14.08%. The company had revenue of $250.00 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC raised its holdings in Liberty Broadband by 24.1% during the fourth quarter. Lindbrook Capital LLC now owns 572 shares of the company’s stock worth $43,000 after buying an additional 111 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Liberty Broadband by 1.6% during the first quarter. Allianz Asset Management GmbH now owns 6,922 shares of the company’s stock worth $907,000 after buying an additional 111 shares during the last quarter. HighTower Advisors LLC raised its holdings in Liberty Broadband by 0.9% during the fourth quarter. HighTower Advisors LLC now owns 15,835 shares of the company’s stock worth $1,200,000 after buying an additional 138 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Liberty Broadband by 5.8% during the first quarter. Evergreen Capital Management LLC now owns 2,726 shares of the company’s stock worth $357,000 after buying an additional 150 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Liberty Broadband by 33.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 696 shares of the company’s stock valued at $53,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 12.60% of the company’s stock.

About Liberty Broadband

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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.