Liberty Broadband Corporation (NASDAQ: LBRDK) stock jumped 1.80% on Thursday to $94.21 against a previous-day closing price of $92.54. With 0.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.43 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $94.62 whereas the lowest price it dropped to was $92.26. The 52-week range on LBRDK shows that it touched its highest point at $155.98 and its lowest point at $68.67 during that stretch. It currently has a 1-year price target of $113.00.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LBRDK was up-trending over the past week, with a rise of 7.73%, but this was up by 25.81% over a month. Three-month performance surged to 18.64% while six-month performance fell -22.46%. The stock lost -32.65% in the past year, while it has gained 23.52% so far this year. A look at the trailing 12-month EPS for LBRDK yields 9.19 with Next year EPS estimates of 7.88. For the next quarter, that number is 1.98. This implies an EPS growth rate of 120.40% for this year and -9.00% for next year.
Float and Shares Shorts:
At present, 127.29 million LBRDK shares are outstanding with a float of 117.63 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.18 million, which was 2.72% higher than short shares on Sep 14, 2022. In addition to Mr. Gregory B. Maffei as the firm’s CEO, Pres & Director, Mr. Brian J. Wendling serves as its Chief Accounting Officer & Principal Financial Officer.
Through their ownership of 95.57% of LBRDK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.32% of LBRDK, in contrast to 32.60% held by mutual funds. Shares owned by individuals account for 11.15%. As the largest shareholder in LBRDK with 8.67% of the stake, The Vanguard Group, Inc. holds 11,040,550 shares worth 11,040,550. A second-largest stockholder of LBRDK, Eagle Capital Management LLC, holds 8,496,310 shares, controlling over 6.68% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in LBRDK, holding 6,945,450 shares or 5.46% stake. With a 2.88% stake in LBRDK, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,663,318 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.21% of LBRDK stock, is the second-largest Mutual Fund holder. It holds 2,812,634 shares valued at 214.52 million. Vanguard Extended Market Index Fu holds 1.30% of the stake in LBRDK, owning 1,657,755 shares worth 126.44 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LBRDK since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LBRDK analysts setting a high price target of $175.00 and a low target of $93.00, the average target price over the next 12 months is $135.63. Based on these targets, LBRDK could surge 85.76% to reach the target high and fall by -1.28% to reach the target low. Reaching the average price target will result in a growth of 43.97% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LBRDK will report FY 2022 earnings on 02/23/2024. Analysts have provided yearly estimates in a range of $8.69 being high and $8.34 being low. For LBRDK, this leads to a yearly average estimate of $8.53. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Liberty Broadband Corporation surprised analysts by $0.38 when it reported $2.05 EPS against a consensus estimate of $1.67. The surprise factor in the prior quarter was $1.60. Based on analyst estimates, the high estimate for the next quarter is $2.00 and the low estimate is $1.65. The average estimate for the next quarter is thus $1.84.
Summary of Insider Activity:
Insiders traded LBRDK stock several times over the past three months with 3 Buys and 2 Sells. In these transactions, 15,335 shares were bought while 7,421 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 283,459 while 260,324 shares were sold.