Liberty Interactive Corporation (QVCA) Sees Large Growth in Short Interest

Liberty Interactive Corporation (NASDAQ:QVCA) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 21,948,337 shares, an increase of 8.6% from the August 15th total of 20,217,054 shares. Based on an average trading volume of 3,391,871 shares, the short-interest ratio is currently 6.5 days. Currently, 5.3% of the company’s shares are sold short.

Several brokerages have recently commented on QVCA. Zacks Investment Research downgraded Liberty Interactive Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. DA Davidson began coverage on Liberty Interactive Corporation in a research note on Wednesday, September 13th. They issued a “buy” rating and a $33.00 target price for the company. Citigroup Inc. reduced their target price on Liberty Interactive Corporation from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, August 14th. ValuEngine upgraded Liberty Interactive Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, BidaskClub upgraded Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.11.

Liberty Interactive Corporation (NASDAQ QVCA) opened at 22.65 on Wednesday. The stock has a 50 day moving average price of $22.52 and a 200-day moving average price of $22.42. The stock has a market cap of $10.22 billion, a P/E ratio of 23.52 and a beta of 1.23. Liberty Interactive Corporation has a 52 week low of $17.24 and a 52 week high of $26.00.

In other news, Director David E. Rapley sold 6,019 shares of Liberty Interactive Corporation 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 transaction, the director now directly owns 10,157 shares of the company’s stock, valued at approximately $218,070.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark C. Vadon sold 481,558 shares of Liberty Interactive Corporation stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $22.00, for a total value of $10,594,276.00. Following the completion of the transaction, the director now directly owns 2,030,300 shares of the company’s stock, valued at $44,666,600. 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. Corporate insiders own 10.68% of the company’s stock.

Large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its holdings in shares of Liberty Interactive Corporation by 22.3% during the second quarter. Xact Kapitalforvaltning AB now owns 97,948 shares of the company’s stock valued at $2,404,000 after buying an additional 17,861 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Liberty Interactive Corporation by 52.0% in the second quarter. Prudential Financial Inc. now owns 2,151,833 shares of the company’s stock worth $52,806,000 after purchasing an additional 735,965 shares during the last quarter. World Asset Management Inc boosted its holdings in Liberty Interactive Corporation by 11.1% in the first quarter. World Asset Management Inc now owns 21,300 shares of the company’s stock worth $426,000 after purchasing an additional 2,136 shares during the last quarter. Northside Capital Management LLC purchased a new stake in Liberty Interactive Corporation in the first quarter worth approximately $230,000. Finally, Credit Suisse AG boosted its holdings in Liberty Interactive Corporation by 3.4% in the first quarter. Credit Suisse AG now owns 680,299 shares of the company’s stock worth $13,621,000 after purchasing an additional 22,155 shares during the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.

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Liberty Interactive Corporation 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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