Liberty Interactive Corp. (LVNTA) Trading 2.3% Higher
Liberty Interactive Corp. (NASDAQ:LVNTA) shares traded up 2.3% during trading on Thursday . The company traded as high as $39.44 and last traded at $39.41, with a volume of 641,513 shares. The stock had previously closed at $38.54.
LVNTA has been the topic of a number of research reports. Zacks Investment Research raised Liberty Interactive Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, May 11th. TheStreet raised Liberty Interactive Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Citigroup Inc. lifted their price objective on Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Finally, Pivotal Research initiated coverage on Liberty Interactive Corp. in a research note on Wednesday, June 8th. They issued a “buy” rating and a $48.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $44.75.
The company has a market cap of $5.65 billion and a PE ratio of 17.25. The firm’s 50-day moving average is $38.87 and its 200-day moving average is $38.07.
In related news, Director Michael A. George sold 150,000 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $26.24, for a total value of $3,936,000.00. Following the transaction, the director now directly owns 1,081,179 shares of the company’s stock, valued at approximately $28,370,136.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in Liberty Interactive Corp. stock. BlackRock Advisors LLC increased its stake in Liberty Interactive Corp. (NASDAQ:LVNTA) by 8.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 472,201 shares of the company’s stock after buying an additional 37,077 shares during the period. BlackRock Advisors LLC owned approximately 0.33% of Liberty Interactive Corp. worth $21,301,000 as of its most recent SEC filing.
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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