Liberty Interactive Corp. (LVNTA) Rating Increased to Buy at Zacks Investment Research
Liberty Interactive Corp. (NASDAQ:LVNTA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $44.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.39% from the company’s previous close.
According to Zacks, “The Liberty Ventures Group is primarily focused on business investments. The Company owns interests in home shopping television networks and lifestyle and travel services Internet websites. The Liberty Ventures Group is headquartered in Englewood, Colorado. “
Separately, Citigroup Inc. upped their price target on shares of Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Liberty Interactive Corp. currently has a consensus rating of “Buy” and a consensus price target of $44.75.
Shares of Liberty Interactive Corp. (NASDAQ:LVNTA) opened at 39.15 on Wednesday. The company’s 50-day moving average price is $39.52 and its 200-day moving average price is $38.59. The firm has a market cap of $5.57 billion, a P/E ratio of 17.02 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.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. A.R.T. Advisors LLC bought a new position in shares of Liberty Interactive Corp. during the first quarter valued at about $1,233,000. 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 valued at $101,000 after buying an additional 319 shares during the period. Anandar Capital Management LP bought a new position in shares of Liberty Interactive Corp. during the first quarter valued at about $6,963,000. Renaissance Technologies LLC bought a new position in shares of Liberty Interactive Corp. during the first quarter valued at about $13,484,000. Finally, Makaira Partners LLC bought a new position in shares of Liberty Interactive Corp. during the first quarter valued at about $16,438,000. Institutional investors own 88.62% of the company’s stock.
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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