American International Group Inc. reduced its holdings in Liberty Interactive Corporation (NASDAQ:QVCA) by 8.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 120,005 shares of the company’s stock after selling 11,530 shares during the quarter. American International Group Inc.’s holdings in Liberty Interactive were worth $2,829,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Dodge & Cox increased its holdings in shares of Liberty Interactive by 19.0% during the second quarter. Dodge & Cox now owns 28,349,750 shares of the company’s stock valued at $695,703,000 after acquiring an additional 4,527,707 shares in the last quarter. Numeric Investors LLC purchased a new position in shares of Liberty Interactive during the second quarter valued at approximately $67,939,000. P Schoenfeld Asset Management LP purchased a new position in Liberty Interactive in the second quarter worth $37,404,000. Obermeyer Wood Investment Counsel Lllp purchased a new position in Liberty Interactive in the second quarter worth $32,002,000. Finally, Jennison Associates LLC purchased a new position in Liberty Interactive in the third quarter worth $27,494,000. Institutional investors and hedge funds own 97.07% of the company’s stock.
In other news, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $24.08, for a total value of $56,226.80. Following the completion of the transaction, the director now owns 955 shares of the company’s stock, valued at approximately $22,996.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark C. Vadon sold 679,997 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $22.74, for a total value of $15,463,131.78. The disclosure for this sale can be found here. Insiders have sold a total of 1,286,785 shares of company stock valued at $29,532,584 over the last 90 days. 10.68% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on the company. UBS upped their price target on Liberty Interactive from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Citigroup decreased their price objective on Liberty Interactive from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. B. Riley reiterated a “buy” rating on shares of Liberty Interactive in a research note on Thursday, November 2nd. ValuEngine upgraded Liberty Interactive from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, DA Davidson initiated coverage on Liberty Interactive in a research note on Wednesday, September 13th. They issued a “buy” rating and a $33.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. Liberty Interactive presently has a consensus rating of “Buy” and an average price target of $29.50.
Shares of Liberty Interactive Corporation (QVCA) opened at $24.79 on Friday. The firm has a market capitalization of $10,007.38, a PE ratio of 14.26, a P/E/G ratio of 1.60 and a beta of 1.32. Liberty Interactive Corporation has a fifty-two week low of $17.24 and a fifty-two week high of $26.00. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93.
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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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