SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 4.7% Stake in Liberty Broadband Corp Class A Common Stock
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 4.7% of Liberty Broadband Corp's Class A Common Stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 863,552.19 shares of Liberty Broadband Corp's Class A Common Stock.
- This represents 4.7% of the total outstanding Class A Common Stock.
- The filing is an Amendment No. 4 to Schedule 13G, indicating an update to their previously reported ownership stake.
- FMR LLC holds sole voting power over 846,843.00 shares and sole dispositive power over 863,552.19 shares.
- Abigail P. Johnson, as a key figure within FMR LLC, is also reported as having sole dispositive power over the same 863,552.19 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Liberty Broadband Corp.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing disclosing beneficial ownership. It contains no subjective language or performance data to indicate positive or negative sentiment, thus it is neutral.
Risks
- The document explicitly states that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, mitigating a potential risk of activist investor intervention.
- The filing notes that "One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities," but clarifies that no single other person's interest exceeds five percent of the class.
Future Outlook
N/A
Industry Context
This filing reflects a routine disclosure of beneficial ownership by a major institutional investor (FMR LLC, parent of Fidelity Investments) in a publicly traded company within the broadband sector. Such disclosures are standard regulatory requirements and do not inherently indicate broader industry trends, though they confirm continued institutional interest in the sector.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional ownership stake, confirming FMR LLC and Abigail P. Johnson's continued investment in Liberty Broadband Corp.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC (accession number -23-000003) where FMR LLC's Power of Attorney was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC (accession number -23-000038) where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (ownership snapshot date). |
| 2025-01-07 | Signature date of the Schedule 13G Amendment No. 4 filing. |
Keywords
Liberty Broadband Corp, LBRDA, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, SEC filing, institutional ownership, investment management
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