Liberty Interactive Corp. (LVNTA) Stock Price Up 4.2%
Shares of Liberty Interactive Corp. (NASDAQ:LVNTA) rose 4.2% during trading on Tuesday . The stock traded as high as $38.28 and last traded at $38.19, with a volume of 1,048,885 shares changing hands. The stock had previously closed at $36.64.
Several brokerages have recently issued reports on LVNTA. TheStreet upgraded shares of Liberty Interactive Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Citigroup Inc. lifted their target price on shares of Liberty Interactive Corp. from $40.77 to $44.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of Liberty Interactive Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, May 11th. Finally, Pivotal Research began coverage on shares of Liberty Interactive Corp. in a research report on Wednesday, June 8th. They issued a “buy” rating and a $48.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.75.
The firm has a market cap of $5.39 billion and a PE ratio of 25.79. The firm has a 50-day moving average price of $38.19 and a 200-day moving average price of $37.84.
In other Liberty Interactive Corp. news, Director Michael A. George sold 150,000 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $26.24, for a total transaction of $3,936,000.00. Following the completion of the transaction, the director now owns 1,081,179 shares in the company, valued at approximately $28,370,136.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several institutional investors recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of Liberty Interactive Corp. during the fourth quarter worth about $20,143,000. BlackRock Advisors LLC boosted its stake in shares of Liberty Interactive Corp. by 8.5% in the fourth quarter. BlackRock Advisors LLC now owns 472,201 shares of the company’s stock worth $21,301,000 after buying an additional 37,077 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Interactive Corp. by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,879,444 shares of the company’s stock worth $84,773,000 after buying an additional 7,444 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Liberty Interactive Corp. by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 7,454,526 shares of the company’s stock worth $336,274,000 after buying an additional 142,156 shares during the last quarter.
Liberty Interactive Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its businesses and assets include its consolidated subsidiaries QVC, Inc (QVC), Backcountry.com, Inc (Backcountry), Bodybuilding.com, LLC (Bodybuilding), CommerceHub and Evite, Inc (Evite) and its equity affiliates Expedia, Inc (Expedia), HSN, Inc (HSN), FTD Companies, Inc (FTD), Interval Leisure Group, Inc (Interval Leisure Group) and LendingTree, Inc (LendingTree).
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