Liberty Broadband CEO Executes Major Stock Sale Amid Market Activity

Gregory B. Maffei, President and CEO of Liberty Broadband Corp (NASDAQ: LBRDA), recently carried out stock sales amounting to approximately $12.8 million. According to filings from December 19, 2024, the transactions involved the disposal of Series C Common Stock across two days, December 18 and 19.

Maffei sold 137,733 shares at prices ranging from $77.33 to $80.91 per share. Post-sale, his direct holdings amount to 1,398,523 shares. Additionally, he retains indirect stakes in 274,990 shares through the Maven 2016 – 1 GRAT and 137,683 shares through the Maven 2017 – 1 GRAT, both established as family benefit trusts. Liberty Broadband’s stock has been on an upward trajectory, delivering a 50.77% return over the past six months, and InvestingPro analysts have identified the stock as undervalued.

The company has been navigating notable developments recently. Analyst Bryan Kraft of Deutsche Bank revised his rating of Liberty Broadband’s stock from “Buy” to “Hold,” despite increasing the price target from $90 to $95. His reassessment coincides with the announcement of a definitive merger agreement between Liberty Broadband and Charter Communications (NASDAQ: CHTR), as well as a recent surge in Charter’s stock value.

Financially, Liberty Broadband remains strong with $168 million in cash and an $18.6 billion valuation of its investment in Charter. Subsidiaries such as GCI and TripAdvisor (NASDAQ: TRIP) are also showing positive growth trends. GCI posted a revenue increase in the third quarter, while TripAdvisor reported an uptick in monthly active users, signaling robust operational performance across the portfolio.

Have you read?
Richest Countries In Europe In 2024.
Most Attractive Countries To Private Equity, Venture Capital, and Hedge Fund Investors.
Revealed: Highest-paid news media executive in the United Kingdom.
Countries Leading the Way on Climate Change.
World’s Best Countries For Adventure Tourism.