Bank of America Corp. assumed coverage on shares of Liberty Interactive Group (NASDAQ:QVCA) in a research note released on Tuesday. The firm issued a neutral rating on the stock.

A number of other research firms have also recently commented on QVCA. Axiom Securities reduced their price objective on Liberty Interactive Group from $34.00 to $29.00 and set a buy rating for the company in a research report on Monday, August 8th. Zacks Investment Research cut Liberty Interactive Group from a strong-buy rating to a hold rating in a research report on Thursday, July 28th. Maxim Group initiated coverage on Liberty Interactive Group in a research report on Thursday, June 9th. They set a buy rating and a $37.00 price objective for the company. Wunderlich reduced their price objective on Liberty Interactive Group from $38.00 to $33.00 and set a buy rating for the company in a research report on Monday, August 8th. Finally, FBR & Co reduced their price objective on Liberty Interactive Group from $30.00 to $25.00 and set an outperform rating for the company in a research report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $31.29.

Liberty Interactive Group (NASDAQ:QVCA) opened at 19.53 on Tuesday. The stock’s 50 day moving average price is $20.77 and its 200 day moving average price is $24.58. The company has a market cap of $9.30 billion, a P/E ratio of 16.05 and a beta of 1.22. Liberty Interactive Group has a 1-year low of $18.42 and a 1-year high of $28.71.

Liberty Interactive Group (NASDAQ:QVCA) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.26 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Liberty Interactive Group will post $1.01 earnings per share for the current fiscal year.

In other news, Director David E. Rapley sold 6,019 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $21.09, for a total value of $126,940.71. Following the completion of the transaction, the director now owns 16,046 shares of the company’s stock, valued at $338,410.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. George sold 150,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 1,081,179 shares of the company’s stock, valued at approximately $28,370,136.96. The disclosure for this sale can be found here. 10.78% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Suvretta Capital Management LLC raised its position in Liberty Interactive Group by 64.4% in the first quarter. Suvretta Capital Management LLC now owns 3,558,400 shares of the company’s stock worth $89,850,000 after buying an additional 1,393,400 shares during the period. Legal & General Group Plc raised its position in shares of Liberty Interactive Group by 0.6% in the first quarter. Legal & General Group Plc now owns 1,887,497 shares of the company’s stock worth $47,655,000 after buying an additional 10,694 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of Liberty Interactive Group by 10.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 10,420 shares of the company’s stock worth $264,000 after buying an additional 1,005 shares during the last quarter. National Pension Service raised its position in shares of Liberty Interactive Group by 4.4% in the first quarter. National Pension Service now owns 286,840 shares of the company’s stock worth $7,243,000 after buying an additional 12,188 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Liberty Interactive Group by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,145,443 shares of the company’s stock worth $79,385,000 after buying an additional 72,597 shares during the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.

About Liberty Interactive Group

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).

5 Day Chart for NASDAQ:QVCA

Receive News & Ratings for Liberty Interactive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Interactive Group and related companies with MarketBeat.com's FREE daily email newsletter.