First Mercantile Trust Co. Decreases Stake in Liberty Interactive Corp. (LVNTA)
First Mercantile Trust Co. reduced its stake in Liberty Interactive Corp. (NASDAQ:LVNTA) by 10.9% during the second quarter, Holdings Channel reports. The fund owned 3,275 shares of the company’s stock after selling 400 shares during the period. First Mercantile Trust Co.’s holdings in Liberty Interactive Corp. were worth $121,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Springbok Capital Management LLC raised its position in shares of Liberty Interactive Corp. by 14.1% in the first quarter. Springbok Capital Management LLC now owns 2,579 shares of the company’s stock worth $101,000 after buying an additional 319 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Liberty Interactive Corp. by 930.4% in the second quarter. Mutual of America Capital Management LLC now owns 2,916 shares of the company’s stock worth $108,000 after buying an additional 2,633 shares during the period. BlueMountain Capital Management LLC raised its stake in Liberty Interactive Corp. by 99.9% in the first quarter. BlueMountain Capital Management LLC now owns 6,062 shares of the company’s stock worth $237,000 after buying an additional 3,029 shares during the period. Commerce Bank acquired a new stake in Liberty Interactive Corp. during the second quarter worth about $261,000. Finally, Brown Advisory Inc. raised its stake in Liberty Interactive Corp. by 1.5% in the second quarter. Brown Advisory Inc. now owns 7,315 shares of the company’s stock worth $271,000 after buying an additional 105 shares during the period. 88.62% of the stock is currently owned by institutional investors.
Liberty Interactive Corp. (NASDAQ:LVNTA) opened at 40.15 on Friday. The company has a market cap of $5.72 billion, a P/E ratio of 17.46 and a beta of 1.07. Liberty Interactive Corp. has a 12 month low of $32.35 and a 12 month high of $45.39. The firm has a 50-day moving average price of $39.38 and a 200 day moving average price of $38.55.
Separately, Citigroup Inc. raised their target price on Liberty Interactive Corp. from $40.77 to $44.00 and gave the company a “buy” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.75.
In related news, Director Michael A. George sold 150,000 shares of the stock in a transaction 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 in the company, valued at $28,370,136.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Liberty Interactive Corp. 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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