Liberty Interactive Group (QVCA) Earns Neutral Rating from Analysts at Bank of America Corp.
Several other brokerages have also recently commented on QVCA. Wunderlich reduced their target price on Liberty Interactive Group from $38.00 to $33.00 and set a buy rating on the stock in a report on Monday, August 8th. FBN Securities upgraded Liberty Interactive Group from a sector perform rating to an outperform rating in a report on Wednesday, August 10th. Zacks Investment Research cut Liberty Interactive Group from a strong-buy rating to a hold rating in a report on Thursday, July 28th. Maxim Group started coverage on Liberty Interactive Group in a report on Thursday, June 9th. They set a buy rating and a $37.00 price target on the stock. Finally, FBR & Co cut their price target on Liberty Interactive Group from $30.00 to $25.00 and set an outperform rating on the stock in a report on Friday, August 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Liberty Interactive Group has a consensus rating of Buy and a consensus price target of $31.29.
Shares of Liberty Interactive Group (NASDAQ:QVCA) opened at 19.53 on Tuesday. The firm has a market capitalization of $9.30 billion, a P/E ratio of 16.05 and a beta of 1.22. Liberty Interactive Group has a one year low of $18.42 and a one year high of $28.71. The firm’s 50-day moving average is $20.77 and its 200 day moving average is $24.58.
Liberty Interactive Group (NASDAQ:QVCA) last announced its earnings results on Friday, August 5th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Liberty Interactive Group had a return on equity of 11.64% and a net margin of 5.93%. Equities research analysts predict that Liberty Interactive Group will post $1.01 earnings per share for the current year.
In other news, Director David E. Rapley sold 6,019 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $21.09, for a total transaction of $126,940.71. Following the completion of the sale, the director now directly owns 16,046 shares of the company’s stock, valued at approximately $338,410.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael A. George sold 150,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 1,081,179 shares of the company’s stock, valued at $28,370,136.96. The disclosure for this sale can be found here. 10.78% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in QVCA. Cowen Group Inc. acquired a new stake in shares of Liberty Interactive Group during the second quarter valued at about $393,000. Cove Street Capital LLC raised its stake in shares of Liberty Interactive Group by 3.5% in the second quarter. Cove Street Capital LLC now owns 205,560 shares of the company’s stock valued at $5,215,000 after buying an additional 6,900 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Liberty Interactive Group by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 905,124 shares of the company’s stock valued at $23,072,000 after buying an additional 9,216 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Liberty Interactive Group by 9.7% in the second quarter. Stifel Financial Corp now owns 159,661 shares of the company’s stock valued at $4,051,000 after buying an additional 14,057 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Liberty Interactive Group by 58.1% in the second quarter. Amalgamated Bank now owns 24,070 shares of the company’s stock valued at $516,000 after buying an additional 8,842 shares in the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
Liberty Interactive Group Company Profile
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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