Liberty Interactive Corporation (QVCA) Position Trimmed by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Liberty Interactive Corporation (NASDAQ:QVCA) by 31.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,797 shares of the company’s stock after selling 38,475 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Liberty Interactive were worth $1,999,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Dodge & Cox grew its holdings in Liberty Interactive by 19.0% during the second quarter. Dodge & Cox now owns 28,349,750 shares of the company’s stock worth $695,703,000 after acquiring an additional 4,527,707 shares during the period. Harris Associates L P grew its holdings in Liberty Interactive by 2.6% during the second quarter. Harris Associates L P now owns 24,183,983 shares of the company’s stock worth $593,475,000 after acquiring an additional 618,514 shares during the period. Makaira Partners LLC grew its holdings in Liberty Interactive by 5.5% during the second quarter. Makaira Partners LLC now owns 7,517,833 shares of the company’s stock worth $184,488,000 after acquiring an additional 390,716 shares during the period. Macquarie Group Ltd. grew its holdings in Liberty Interactive by 1.0% during the third quarter. Macquarie Group Ltd. now owns 7,494,949 shares of the company’s stock worth $176,656,000 after acquiring an additional 77,093 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Liberty Interactive by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 6,256,696 shares of the company’s stock worth $153,533,000 after acquiring an additional 304,925 shares during the period. 97.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Liberty Interactive Corporation (NASDAQ QVCA) opened at $24.72 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.18 and a quick ratio of 0.73. The firm has a market capitalization of $9,786.78, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. Liberty Interactive Corporation has a twelve month low of $17.24 and a twelve month high of $26.00.
In other news, Director David E. Rapley sold 4,300 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.52, for a total value of $101,136.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark C. Vadon sold 475,153 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $23.46, for a total value of $11,147,089.38. The disclosure for this sale can be found here. Insiders sold 1,286,785 shares of company stock worth $29,532,584 in the last three months. 10.68% of the stock is owned by corporate insiders.
QVCA has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $33.00 price objective on shares of Liberty Interactive in a report on Thursday. Aegis upped their target price on Liberty Interactive from $34.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 17th. UBS upped their target price on Liberty Interactive from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, November 10th. B. Riley reissued a “buy” rating on shares of Liberty Interactive in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised Liberty Interactive from a “sell” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $29.50.
About Liberty Interactive
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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