FBN Securities Upgrades Liberty Interactive (QVCA) to “Buy”

Liberty Interactive (NASDAQ:QVCA) was upgraded by stock analysts at FBN Securities from a “sector perform” rating to a “buy” rating in a research report issued on Wednesday.

QVCA has been the topic of a number of other reports. DA Davidson reiterated a “buy” rating and set a $33.00 price target on shares of Liberty Interactive in a research note on Thursday, November 30th. Aegis boosted their price target on shares of Liberty Interactive from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. UBS Group boosted their price target on shares of Liberty Interactive from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. B. Riley reiterated a “buy” rating on shares of Liberty Interactive in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Liberty Interactive from a “sell” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.00.

Shares of Liberty Interactive (QVCA) traded down $0.06 on Wednesday, reaching $25.42. 3,866,400 shares of the company traded hands, compared to its average volume of 5,087,167. The stock has a market cap of $15,740.00, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.61 and a beta of 1.33. Liberty Interactive has a 12-month low of $17.24 and a 12-month high of $26.79. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 1.18.

In other news, Director Malcolm Ian Grant Gilchrist sold 3,765 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $26.38, for a total value of $99,320.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark C. Vadon sold 679,997 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were 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. Insiders sold 813,062 shares of company stock valued at $18,428,588 over the last ninety days. 10.68% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Highstreet Asset Management Inc. purchased a new stake in shares of Liberty Interactive during the third quarter worth approximately $120,000. Toronto Dominion Bank raised its position in Liberty Interactive by 18.2% in the second quarter. Toronto Dominion Bank now owns 5,378 shares of the company’s stock worth $132,000 after acquiring an additional 829 shares in the last quarter. Fiduciary Trust Co. purchased a new position in Liberty Interactive in the second quarter worth $144,000. South Street Advisors LLC purchased a new position in Liberty Interactive in the second quarter worth $231,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Liberty Interactive in the third quarter worth $268,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

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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).

Analyst Recommendations for Liberty Interactive (NASDAQ:QVCA)

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