Liberty Interactive Corporation (NASDAQ:QVCA) has earned a consensus rating of “Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $30.00.
QVCA has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Liberty Interactive Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Aegis increased their price target on Liberty Interactive Corporation from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, July 7th. BidaskClub upgraded Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Maxim Group decreased their price target on Liberty Interactive Corporation from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, July 7th. Finally, FBN Securities lowered Liberty Interactive Corporation from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th.
Liberty Interactive Corporation (NASDAQ:QVCA) traded up 0.04% on Friday, hitting $23.12. The stock had a trading volume of 4,630,752 shares. Liberty Interactive Corporation has a one year low of $17.24 and a one year high of $26.00. The stock has a 50-day moving average of $22.60 and a 200-day moving average of $22.32. The company has a market cap of $10.43 billion, a PE ratio of 24.01 and a beta of 1.23.
In related news, Director Mark C. Vadon sold 796,693 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $22.67, for a total value of $18,061,030.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David E. Rapley sold 6,019 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $21.47, for a total value of $129,227.93. Following the completion of the sale, the director now directly owns 10,157 shares of the company’s stock, valued at $218,070.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,342,522 shares of company stock valued at $51,226,271. Company insiders own 10.68% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Liberty Interactive Corporation by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 33,386,058 shares of the company’s stock worth $668,390,000 after acquiring an additional 1,209,952 shares in the last quarter. Dodge & Cox raised its stake in shares of Liberty Interactive Corporation by 19.0% during the 2nd quarter. Dodge & Cox now owns 28,349,750 shares of the company’s stock worth $695,703,000 after purchasing an additional 4,527,707 shares in the last quarter. Harris Associates L P raised its stake in shares of Liberty Interactive Corporation by 2.6% during the 2nd quarter. Harris Associates L P now owns 24,183,983 shares of the company’s stock worth $593,475,000 after purchasing an additional 618,514 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Liberty Interactive Corporation by 8.5% during the 1st quarter. Clearbridge Investments LLC now owns 18,010,441 shares of the company’s stock worth $360,569,000 after purchasing an additional 1,413,144 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in shares of Liberty Interactive Corporation by 1.7% during the 1st quarter. Artisan Partners Limited Partnership now owns 9,852,871 shares of the company’s stock worth $197,254,000 after purchasing an additional 161,089 shares in the last quarter. 88.91% of the stock is owned by hedge funds and other institutional investors.
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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).
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