Billionaire Mason Hawkins’ 5 Stock Picks with Huge Upside Potential

Page 5 of 5

1. Liberty Broadband Corp (NASDAQ:LBRDA)

Number of Hedge Fund Investors: 52

Average Analyst Price Estimate: $117

Upside Potential: 52%

Communications company Liberty Broadband Corp (NASDAQ:LBRDA) ranks first in our list of the stocks with upside potential in billionaire Mason Hawkins’ portfolio.

Yahoo Finance data indicates Liberty Broadband Corp’s (NASDAQ:LBRDA) 12-month average price target is $117 while it was trading at around $76.94 as of January 17.

A total of 52 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Liberty Broadband Corp (NASDAQ:LBRDA). The biggest stakeholder of Liberty Broadband Corp (NASDAQ:LBRDA) during this period was $88 million.

Madison Mid Cap Fund stated the following regarding Liberty Broadband Corporation (NASDAQ:LBRDA) in its fourth quarter 2023 investor letter:

“The bottom five detractors for the quarter were Arch Capital Group, Liberty Broadband Corporation (NASDAQ:LBRDA), Brown & Brown, Markel Group, and CarMax. Shares of Liberty Broadband, a holding company with a large investment in cable operator Charter Communications, were weak in the quarter as internet subscriber trends continue to disappoint. While the competitive environment is currently tough, we believe it will improve over time. Cable’s technology infrastructure is demonstrably superior, in both cost and performance, to what some of the legacy telecommunications carriers are currently rolling out in the form of “fixed wireless” broadband. Thus, their potential subscriber base is limited to a segment of the population base. We believe it likely therefore that the carriers will soon be limited in the competition they provide to Charter.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets and the 10 Stocks with 50% Upside Potential According to Analysts.

Page 5 of 5