Sumitomo Mitsui Asset Management Company LTD decreased its position in Liberty Interactive Corporation (NASDAQ:QVCA) by 7.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 31,362 shares of the company’s stock after selling 2,466 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Liberty Interactive Corporation were worth $769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jana Partners LLC bought a new position in shares of Liberty Interactive Corporation during the first quarter worth approximately $59,184,000. Clearbridge Investments LLC boosted its position in shares of Liberty Interactive Corporation by 8.5% in the first quarter. Clearbridge Investments LLC now owns 18,010,441 shares of the company’s stock worth $360,569,000 after buying an additional 1,413,144 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Liberty Interactive Corporation by 3.8% in the first quarter. Vanguard Group Inc. now owns 33,386,058 shares of the company’s stock worth $668,390,000 after buying an additional 1,209,952 shares in the last quarter. Makaira Partners LLC boosted its position in shares of Liberty Interactive Corporation by 19.9% in the first quarter. Makaira Partners LLC now owns 7,127,117 shares of the company’s stock worth $142,685,000 after buying an additional 1,180,808 shares in the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of Liberty Interactive Corporation during the first quarter worth approximately $20,557,000. Institutional investors own 90.02% of the company’s stock.

Shares of Liberty Interactive Corporation (NASDAQ QVCA) opened at 24.23 on Tuesday. Liberty Interactive Corporation has a 12 month low of $17.24 and a 12 month high of $26.92. The stock’s 50 day moving average price is $24.10 and its 200-day moving average price is $21.63. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 24.38 and a beta of 1.21.

Liberty Interactive Corporation (NASDAQ:QVCA) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Liberty Interactive Corporation had a net margin of 4.59% and a return on equity of 9.98%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Equities analysts forecast that Liberty Interactive Corporation will post $1.09 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Sumitomo Mitsui Asset Management Company LTD Sells 2,466 Shares of Liberty Interactive Corporation (NASDAQ:QVCA)” was posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.dailypolitical.com/2017/08/08/sumitomo-mitsui-asset-management-company-ltd-sells-2466-shares-of-liberty-interactive-corporation-nasdaqqvca.html.

A number of research analysts have commented on QVCA shares. BidaskClub cut Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Citigroup Inc. restated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Liberty Interactive Corporation in a research note on Sunday, May 14th. FBR & Co restated an “outperform” rating and set a $24.00 price objective (up previously from $22.00) on shares of Liberty Interactive Corporation in a research note on Friday, April 21st. ValuEngine lowered Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Aegis lifted their target price on Liberty Interactive Corporation from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $29.27.

About Liberty Interactive Corporation

Liberty Interactive Corporation owns interests in subsidiaries and other companies, which are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its subsidiaries QVC, Inc (QVC), zulily, llc (zulily) and and Evite, Inc (Evite).

Institutional Ownership by Quarter for Liberty Interactive Corporation (NASDAQ:QVCA)

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