Liberty Interactive Corporation (NASDAQ:QVCA) – Equities research analysts at DA Davidson lowered their FY2018 earnings estimates for Liberty Interactive in a research report issued to clients and investors on Tuesday. DA Davidson analyst T. Forte now expects that the company will earn $1.47 per share for the year, down from their prior forecast of $1.56. DA Davidson has a “Buy” rating and a $37.00 price objective on the stock. DA Davidson also issued estimates for Liberty Interactive’s FY2019 earnings at $1.38 EPS, FY2020 earnings at $1.43 EPS and FY2021 earnings at $1.56 EPS.
A number of other research firms also recently weighed in on QVCA. BidaskClub upgraded Liberty Interactive from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. FBN Securities upgraded Liberty Interactive from a “sector perform” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded Liberty Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday. Aegis upped their target price on Liberty Interactive from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Citigroup downgraded Liberty Interactive from a “neutral” rating to a “sell” rating and cut their target price for the stock from $27.00 to $22.00 in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.00.
Shares of Liberty Interactive (NASDAQ QVCA) traded down $0.06 during mid-day trading on Friday, reaching $25.42. The company had a trading volume of 3,866,400 shares, compared to its average volume of 5,087,167. Liberty Interactive has a 1-year low of $17.24 and a 1-year high of $26.79. The company has a market cap of $15,740.00, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.18 and a quick ratio of 0.73.
A number of large investors have recently made changes to their positions in QVCA. Highstreet Asset Management Inc. acquired a new stake in Liberty Interactive during the 3rd quarter valued at $120,000. Toronto Dominion Bank increased its position in Liberty Interactive by 18.2% during the second quarter. Toronto Dominion Bank now owns 5,378 shares of the company’s stock worth $132,000 after buying an additional 829 shares during the last quarter. Fiduciary Trust Co. acquired a new position in Liberty Interactive during the second quarter worth $144,000. South Street Advisors LLC bought a new stake in Liberty Interactive during the second quarter valued at about $231,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Liberty Interactive during the third quarter valued at about $268,000. 97.02% of the stock is currently owned by institutional investors.
In other Liberty Interactive news, Director David E. Rapley sold 4,300 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $23.52, for a total transaction of $101,136.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Malcolm Ian Grant Gilchrist sold 3,765 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $26.38, for a total transaction of $99,320.70. The disclosure for this sale can be found here. Insiders have sold a total of 813,062 shares of company stock valued at $18,428,588 in the last quarter. Insiders own 10.68% of the company’s stock.
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About Liberty Interactive
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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