Goldman Sachs Group Inc. cut its holdings in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 31.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 228,948 shares of the company’s stock after selling 103,650 shares during the quarter. Goldman Sachs Group Inc. owned 0.28% of Liberty Interactive Corporation worth $11,972,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Interactive Corporation by 18.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,047 shares of the company’s stock valued at $107,000 after buying an additional 324 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Liberty Interactive Corporation during the 1st quarter valued at about $142,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Liberty Interactive Corporation by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,830 shares of the company’s stock valued at $148,000 after buying an additional 274 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Liberty Interactive Corporation by 15.4% during the 1st quarter. US Bancorp DE now owns 3,462 shares of the company’s stock valued at $154,000 after buying an additional 462 shares during the last quarter. Finally, Sphera Funds Management LTD. acquired a new stake in shares of Liberty Interactive Corporation during the 2nd quarter valued at about $157,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.
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In other news, Director Mark C. Vadon sold 273,729 shares of the stock in a transaction that occurred 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 transaction, the director now owns 630,300 shares in the company, valued at $14,742,717. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark C. Vadon sold 201,424 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.56, for a total value of $4,745,549.44. Following the transaction, the director now owns 630,300 shares in the company, valued at approximately $14,849,868. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 602,488 shares of company stock valued at $13,969,298.
Several equities research analysts have recently issued reports on the company. ValuEngine lowered Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Pivotal Research reiterated a “buy” rating and set a $68.00 price target (up from $66.00) on shares of Liberty Interactive Corporation in a report on Tuesday, August 15th. BidaskClub upgraded Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, FBR & Co reiterated a “buy” rating and set a $78.00 price target (up from $60.00) on shares of Liberty Interactive Corporation in a report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.67.
Liberty Interactive Corporation (NASDAQ LVNTA) traded down 0.63% during midday trading on Friday, reaching $53.62. The company had a trading volume of 158,181 shares. The company has a market cap of $4.59 billion, a PE ratio of 5.61 and a beta of 0.99. The company’s 50-day moving average is $58.10 and its 200 day moving average is $55.66. Liberty Interactive Corporation has a 52-week low of $36.54 and a 52-week high of $62.41.
Liberty Interactive Corporation (NASDAQ:LVNTA) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.22). Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. The business had revenue of $6.00 million during the quarter, compared to analyst estimates of $2.00 million. On average, equities research analysts forecast that Liberty Interactive Corporation will post $5.10 EPS for the current year.
Liberty Interactive Corporation Company Profile
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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