Liberty Interactive Corporation (QVCA) Downgraded to Hold at ValuEngine

ValuEngine downgraded shares of Liberty Interactive Corporation (NASDAQ:QVCA) from a buy rating to a hold rating in a report published on Friday, September 1st.

QVCA has been the topic of a number of other research reports. Citigroup Inc. restated a buy rating and issued a $28.00 target price (up previously from $26.00) on shares of Liberty Interactive Corporation in a report on Sunday, May 14th. BidaskClub lowered shares of Liberty Interactive Corporation from a strong-buy rating to a buy rating in a report on Tuesday, July 11th. FBR & Co upped their target price on shares of Liberty Interactive Corporation from $26.00 to $28.00 and gave the stock an outperform rating in a report on Friday, July 7th. Craig Hallum set a $28.00 price objective on shares of Liberty Interactive Corporation and gave the company a buy rating in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded shares of Liberty Interactive Corporation from a sell rating to a hold rating in a research note on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $29.11.

Shares of Liberty Interactive Corporation (QVCA) opened at 23.12 on Friday. The company’s 50-day moving average price is $22.60 and its 200 day moving average price is $22.32. The company has a market cap of $10.43 billion, a P/E ratio of 24.01 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.

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In related news, Director Mark C. Vadon sold 481,558 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were 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 approximately $44,666,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark C. Vadon sold 296,131 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $21.12, for a total transaction of $6,254,286.72. Following the completion of the transaction, the director now directly owns 2,030,300 shares of the company’s stock, valued at $42,879,936. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,342,522 shares of company stock valued at $51,226,271. 10.68% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings 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 valued at $668,390,000 after purchasing an additional 1,209,952 shares during the period. Dodge & Cox raised its position 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 valued at $695,703,000 after buying an additional 4,527,707 shares in the last quarter. Harris Associates L P raised its position 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 valued at $593,475,000 after buying an additional 618,514 shares in the last quarter. Clearbridge Investments LLC raised its position 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 valued at $360,569,000 after buying an additional 1,413,144 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position 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 valued at $197,254,000 after buying an additional 161,089 shares in the last quarter. 88.91% of the stock is owned by hedge funds and other institutional investors.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Liberty Interactive Corporation (NASDAQ:QVCA)

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