Liberty Interactive Corporation (NASDAQ:LVNTA) had its price objective reduced by B. Riley from $78.00 to $70.00 in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 23.44% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. ValuEngine lowered shares of Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Pivotal Research reaffirmed a “buy” rating and set a $68.00 target price (up previously from $66.00) on shares of Liberty Interactive Corporation in a report on Tuesday, August 15th. Finally, FBR & Co reaffirmed a “buy” rating and set a $78.00 target price (up previously from $60.00) on shares of Liberty Interactive Corporation in a report on Monday, August 14th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Liberty Interactive Corporation presently has an average rating of “Buy” and a consensus target price of $72.00.
Shares of Liberty Interactive Corporation (LVNTA) traded up $0.14 during trading hours on Tuesday, hitting $56.71. 269,100 shares of the stock were exchanged, compared to its average volume of 627,334. The company has a market cap of $4,600.00, a price-to-earnings ratio of 22.01 and a beta of 1.41. Liberty Interactive Corporation has a 1 year low of $36.58 and a 1 year high of $62.41. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 0.93.
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In other Liberty Interactive Corporation news, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $24.08, for a total value of $56,226.80. Following the sale, the director now owns 955 shares of the company’s stock, valued at approximately $22,996.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark C. Vadon sold 273,729 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $23.39, for a total transaction of $6,402,521.31. Following the completion of the sale, the director now directly owns 630,300 shares in the company, valued at approximately $14,742,717. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 602,488 shares of company stock worth $13,969,298.
A number of institutional investors have recently made changes to their positions in the business. Boothbay Fund Management LLC grew its holdings in Liberty Interactive Corporation by 11.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 42,699 shares of the company’s stock worth $2,457,000 after acquiring an additional 4,298 shares during the last quarter. Cowen Inc. grew its holdings in Liberty Interactive Corporation by 62.7% in the 3rd quarter. Cowen Inc. now owns 201,022 shares of the company’s stock worth $11,569,000 after acquiring an additional 77,482 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in Liberty Interactive Corporation in the 3rd quarter worth $645,000. University of Notre Dame DU Lac bought a new stake in Liberty Interactive Corporation in the 3rd quarter worth $4,417,000. Finally, Mackenzie Financial Corp grew its holdings in Liberty Interactive Corporation by 3.1% in the 3rd quarter. Mackenzie Financial Corp now owns 53,625 shares of the company’s stock worth $3,086,000 after acquiring an additional 1,625 shares during the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.
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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