General American Investors Co. Inc. Cuts Position in Liberty Interactive Corporation (LVNTA)
General American Investors Co. Inc. cut its position in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 17.8% during the second quarter, Holdings Channel reports. The firm owned 321,599 shares of the company’s stock after selling 69,700 shares during the period. Liberty Interactive Corporation makes up approximately 1.7% of General American Investors Co. Inc.’s holdings, making the stock its 28th largest position. General American Investors Co. Inc.’s holdings in Liberty Interactive Corporation were worth $16,816,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in LVNTA. Vanguard Group Inc. raised its stake in Liberty Interactive Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,191,159 shares of the company’s stock worth $275,383,000 after buying an additional 253,058 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Liberty Interactive Corporation by 0.8% in the first quarter. Artisan Partners Limited Partnership now owns 4,127,671 shares of the company’s stock worth $183,599,000 after buying an additional 31,471 shares in the last quarter. BlackRock Inc. raised its stake in Liberty Interactive Corporation by 14,891.7% in the first quarter. BlackRock Inc. now owns 3,550,325 shares of the company’s stock worth $157,917,000 after buying an additional 3,526,643 shares in the last quarter. Clearbridge Investments LLC raised its stake in Liberty Interactive Corporation by 5.7% in the first quarter. Clearbridge Investments LLC now owns 1,833,336 shares of the company’s stock worth $81,547,000 after buying an additional 98,937 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC raised its stake in Liberty Interactive Corporation by 55.8% in the second quarter. Locust Wood Capital Advisers LLC now owns 1,478,729 shares of the company’s stock worth $77,323,000 after buying an additional 529,829 shares in the last quarter. 90.00% of the stock is owned by institutional investors.
Shares of Liberty Interactive Corporation (NASDAQ:LVNTA) opened at 61.96 on Thursday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 6.22 and a beta of 1.02. Liberty Interactive Corporation has a 12-month low of $36.54 and a 12-month high of $62.02. The company’s 50-day moving average is $55.04 and its 200-day moving average is $49.98.
Liberty Interactive Corporation (NASDAQ:LVNTA) last issued its earnings results on Tuesday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.22. Liberty Interactive Corporation had a net margin of 416.61% and a return on equity of 10.44%. Analysts predict that Liberty Interactive Corporation will post $4.49 EPS for the current year.
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LVNTA has been the subject of a number of recent analyst reports. Pivotal Research upped their price target on shares of Liberty Interactive Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, ValuEngine lowered shares of Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.25.
About Liberty Interactive Corporation
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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