Liberty Interactive Corporation (QVCA) Receives Average Recommendation of “Buy” from Brokerages
Shares of Liberty Interactive Corporation (NASDAQ:QVCA) have been assigned an average rating of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $29.50.
Several analysts have issued reports on QVCA shares. ValuEngine upgraded Liberty Interactive from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Citigroup decreased their price objective on Liberty Interactive from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. DA Davidson initiated coverage on Liberty Interactive in a research note on Wednesday, September 13th. They set a “buy” rating and a $33.00 price objective on the stock. Zacks Investment Research lowered Liberty Interactive from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, B. Riley reiterated a “buy” rating on shares of Liberty Interactive in a research note on Thursday, November 2nd.
In related news, Director Mark C. Vadon sold 475,153 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $23.46, for a total transaction of $11,147,089.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark C. Vadon sold 679,997 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $22.74, for a total value of $15,463,131.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,286,785 shares of company stock worth $29,532,584. 10.68% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Gofen & Glossberg LLC IL grew its position in Liberty Interactive by 30.6% during the third quarter. Gofen & Glossberg LLC IL now owns 37,301 shares of the company’s stock worth $879,000 after buying an additional 8,742 shares in the last quarter. California Public Employees Retirement System grew its position in Liberty Interactive by 1.8% during the third quarter. California Public Employees Retirement System now owns 1,197,510 shares of the company’s stock worth $28,225,000 after buying an additional 21,148 shares in the last quarter. Virtu Financial LLC purchased a new position in Liberty Interactive during the third quarter worth about $1,059,000. Cubist Systematic Strategies LLC grew its position in Liberty Interactive by 95.5% during the third quarter. Cubist Systematic Strategies LLC now owns 24,972 shares of the company’s stock worth $589,000 after buying an additional 12,197 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Liberty Interactive by 60.4% during the third quarter. Janus Henderson Group PLC now owns 99,756 shares of the company’s stock worth $2,351,000 after buying an additional 37,557 shares in the last quarter. Institutional investors and hedge funds own 97.08% of the company’s stock.
Shares of Liberty Interactive (NASDAQ QVCA) traded up $0.13 on Thursday, hitting $24.47. The company’s stock had a trading volume of 2,539,600 shares, compared to its average volume of 3,184,995. The company has a market capitalization of $9,762.71, a price-to-earnings ratio of 13.91, a PEG ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 1.18. Liberty Interactive has a 52-week low of $17.24 and a 52-week high of $26.00.
Liberty Interactive Company Profile
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).
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