Franklin Resources Inc. cut its position in shares of Liberty Interactive Group (NASDAQ:QVCA) by 99.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,300 shares of the company’s stock after selling 38,001,325 shares during the period. Franklin Resources Inc.’s holdings in Liberty Interactive Group were worth $386,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jackson Square Partners LLC increased its stake in shares of Liberty Interactive Group by 15.8% in the third quarter. Jackson Square Partners LLC now owns 33,831,616 shares of the company’s stock worth $676,970,000 after buying an additional 4,618,838 shares during the last quarter. Harris Associates L P increased its stake in shares of Liberty Interactive Group by 2.2% in the third quarter. Harris Associates L P now owns 24,365,721 shares of the company’s stock worth $487,558,000 after buying an additional 530,933 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Liberty Interactive Group by 10.2% in the third quarter. Brown Brothers Harriman & Co. now owns 17,018,459 shares of the company’s stock worth $340,539,000 after buying an additional 1,571,285 shares during the last quarter. State Street Corp increased its stake in shares of Liberty Interactive Group by 5.4% in the fourth quarter. State Street Corp now owns 9,567,632 shares of the company’s stock worth $191,166,000 after buying an additional 490,996 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Liberty Interactive Group by 7.9% in the third quarter. TIAA CREF Investment Management LLC now owns 4,208,508 shares of the company’s stock worth $84,212,000 after buying an additional 309,521 shares during the last quarter. 89.62% of the stock is currently owned by institutional investors and hedge funds.
Liberty Interactive Group (NASDAQ:QVCA) traded down 0.66% on Friday, hitting $21.17. The stock had a trading volume of 2,396,747 shares. The company’s 50-day moving average price is $20.08 and its 200 day moving average price is $19.76. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 21.60 and a beta of 1.34. Liberty Interactive Group has a one year low of $17.24 and a one year high of $27.25.
In other Liberty Interactive Group news, insider Richard N. Baer sold 37,854 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $43.92, for a total value of $1,662,547.68. Following the sale, the insider now directly owns 22,804 shares in the company, valued at approximately $1,001,551.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.78% of the company’s stock.
Liberty Interactive Group 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).
