Landbridge Company LLC’s recent filing unveils that its Director LandBridge Holdings LLC unloaded Company’s shares for reported $142.97 million on May 23 ’25. In the deal valued at $75.25 per share,1,900,000 shares were sold. As a result of this transaction, LandBridge Holdings LLC now holds 0 shares worth roughly $0.0.
Then, Capobianco David N sold 1,900,000 shares, generating $142,975,000 in total proceeds. Upon selling the shares at $75.25, the Director now owns 0 shares.
Before that, LandBridge Holdings LLC bought 1,900,000 shares. Landbridge Company LLC shares valued at $153,045,000 were divested by the 10% Owner at a price of $80.55 per share.
Johnson Rice downgraded its Landbridge Company LLC [LB] rating to a Accumulate from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. Janney began covering LB with “Buy” recommendation on July 25, 2024. Johnson Rice started covering the stock on July 24, 2024. It rated LB as “a Buy”.
Price Performance Review of LB
On Tuesday, Landbridge Company LLC [NYSE:LB] saw its stock fall -0.30% to $70.42. Over the last five days, the stock has lost -3.88%. Landbridge Company LLC shares have risen nearly 9.01% since the year began.
Levels Of Support And Resistance For LB Stock
The 24-hour chart illustrates a support level at 69.87, which if violated will result in even more drops to 69.31. On the upside, there is a resistance level at 71.24. A further resistance level may holdings at 72.05.
The most recent change occurred on July 23, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $34 price target.
