Suntrust Banks Inc. Purchases Shares of 5,245 Liberty Interactive Corporation (LVNTA)
Suntrust Banks Inc. purchased a new stake in Liberty Interactive Corporation (NASDAQ:LVNTA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,245 shares of the company’s stock, valued at approximately $272,000.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings 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 valued at $275,383,000 after acquiring an additional 253,058 shares during the period. BlackRock Inc. raised its stake in shares of Liberty Interactive Corporation by 14,891.7% during the 1st 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 during the period. Principal Financial Group Inc. raised its stake in shares of Liberty Interactive Corporation by 2.0% during the 2nd quarter. Principal Financial Group Inc. now owns 3,420,724 shares of the company’s stock worth $178,869,000 after buying an additional 67,056 shares during the period. Clearbridge Investments LLC raised its stake in shares of Liberty Interactive Corporation by 5.7% during the 1st 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 during the period. Finally, Locust Wood Capital Advisers LLC raised its stake in shares of Liberty Interactive Corporation by 55.8% during the 2nd 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 during the period. 91.43% of the stock is owned by institutional investors.
Liberty Interactive Corporation (LVNTA) opened at 58.35 on Tuesday. The stock’s 50 day moving average price is $58.70 and its 200 day moving average price is $55.20. Liberty Interactive Corporation has a 52 week low of $36.54 and a 52 week high of $62.41. The firm has a market capitalization of $4.99 billion, a P/E ratio of 6.10 and a beta of 0.99.
Liberty Interactive Corporation (NASDAQ:LVNTA) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.22). The business had revenue of $6.00 million during the quarter, compared to analyst estimates of $2.00 million. Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. On average, equities analysts expect that Liberty Interactive Corporation will post $5.10 EPS for the current year.
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LVNTA has been the subject of several research analyst reports. Pivotal Research upped their target price on Liberty Interactive Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. ValuEngine downgraded Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, FBR & Co reaffirmed a “buy” rating and set a $78.00 target price (up from $60.00) on shares of Liberty Interactive Corporation in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.67.
In related news, Director Mark C. Vadon sold 273,729 shares of Liberty Interactive Corporation stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $23.39, for a total transaction of $6,402,521.31. Following the completion of the transaction, the director now directly owns 630,300 shares of the company’s stock, valued at $14,742,717. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of Liberty Interactive Corporation stock in a transaction on Monday, September 25th. The stock was sold at an average price of $24.08, for a total value of $56,226.80. Following the transaction, the director now directly owns 955 shares of the company’s stock, valued at $22,996.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 602,488 shares of company stock valued at $13,969,298.
Liberty Interactive Corporation 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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