Liberty Interactive Corp. (LVNTA) Shares Up 2.3%
Liberty Interactive Corp. (NASDAQ:LVNTA)’s share price shot up 2.3% 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.
Several equities research analysts recently weighed in on the company. Citigroup Inc. boosted their target price on Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Pivotal Research assumed coverage on Liberty Interactive Corp. in a report on Wednesday, June 8th. They issued a “buy” rating and a $48.00 target price for the company. TheStreet upgraded Liberty Interactive Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, Zacks Investment Research upgraded Liberty Interactive Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Wednesday, May 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $44.75.
The firm’s 50 day moving average price is $38.84 and its 200 day moving average price is $38.09. The company has a market cap of $5.69 billion and a PE ratio of 17.38.
In other news, Director Michael A. George sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $26.24, for a total value of $3,936,000.00. Following the completion of the sale, the director now directly owns 1,081,179 shares of the company’s stock, valued at $28,370,136.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
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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