Liberty Interactive Corp. (LVNTA) Trading Up 4.2%
Shares of Liberty Interactive Corp. (NASDAQ:LVNTA) were up 4.2% during mid-day trading on Tuesday . The company traded as high as $38.28 and last traded at $38.19, with a volume of 1,048,885 shares traded. The stock had previously closed at $36.64.
Several research firms have recently weighed in on LVNTA. Citigroup Inc. lifted their target price on Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded Liberty Interactive Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, May 11th. Pivotal Research began coverage on Liberty Interactive Corp. in a research report on Wednesday, June 8th. They set a “buy” rating and a $48.00 target price for the company. Finally, TheStreet upgraded Liberty Interactive Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $44.75.
The firm’s 50 day moving average is $38.23 and its 200-day moving average is $37.84. The stock has a market capitalization of $5.47 billion and a PE ratio of 16.70.
In related news, Director Michael A. George sold 150,000 shares of the business’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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Other hedge funds recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Liberty Interactive Corp. during the fourth quarter valued at about $20,143,000. Vanguard Group Inc. boosted its position in Liberty Interactive Corp. by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 7,454,526 shares of the company’s stock worth $336,274,000 after buying an additional 142,156 shares in the last quarter. BlackRock Advisors LLC boosted its position in Liberty Interactive Corp. by 8.5% in the fourth quarter. BlackRock Advisors LLC now owns 472,201 shares of the company’s stock worth $21,301,000 after buying an additional 37,077 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Liberty Interactive Corp. by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,879,444 shares of the company’s stock worth $84,773,000 after buying an additional 7,444 shares in the last quarter.
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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