Artisan Partners Limited Partnership lowered its position in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 26.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,015,419 shares of the company’s stock after selling 1,112,252 shares during the quarter. Artisan Partners Limited Partnership owned 3.53% of Liberty Interactive Corporation worth $157,676,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of Liberty Interactive Corporation by 18.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,047 shares of the company’s stock worth $107,000 after purchasing an additional 324 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Liberty Interactive Corporation during the 1st quarter worth approximately $142,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Liberty Interactive Corporation by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,830 shares of the company’s stock worth $148,000 after purchasing an additional 274 shares in the last quarter. US Bancorp DE raised its stake in shares of Liberty Interactive Corporation by 15.4% during the 1st quarter. US Bancorp DE now owns 3,462 shares of the company’s stock worth $154,000 after purchasing an additional 462 shares in the last quarter. Finally, Sphera Funds Management LTD. bought a new stake in shares of Liberty Interactive Corporation during the 2nd quarter worth approximately $157,000. 91.47% of the stock is owned by hedge funds and other institutional investors.
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Liberty Interactive Corporation (LVNTA) traded up 0.03% during midday trading on Monday, reaching $57.27. The company had a trading volume of 70,493 shares. Liberty Interactive Corporation has a 12-month low of $36.54 and a 12-month high of $62.41. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 5.99 and a beta of 1.02. The stock’s 50 day moving average is $60.17 and its 200 day moving average is $53.04.
Liberty Interactive Corporation (NASDAQ:LVNTA) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.22). The business had revenue of $6.00 million for the quarter, compared to the consensus estimate of $2.00 million. Liberty Interactive Corporation had a return on equity of 6.65% and a net margin of 653.21%. Equities research analysts expect that Liberty Interactive Corporation will post $5.10 earnings per share for the current year.
A number of brokerages have recently issued reports on LVNTA. ValuEngine cut Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Pivotal Research restated a “buy” rating and issued a $68.00 price target (up previously from $66.00) on shares of Liberty Interactive Corporation in a research note on Tuesday, August 15th. BidaskClub cut Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, FBR & Co restated a “buy” rating and issued a $78.00 price target (up previously from $60.00) on shares of Liberty Interactive Corporation in a research note on Monday, August 14th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $60.25.
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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