Icon Wealth Partners LLC Acquires Shares of 7,827 Liberty Interactive Corp (QVCA)
Icon Wealth Partners LLC acquired a new position in shares of Liberty Interactive Corp (NASDAQ:QVCA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,827 shares of the company’s stock, valued at approximately $191,000.
A number of other institutional investors also recently made changes to their positions in QVCA. Nationwide Fund Advisors purchased a new position in Liberty Interactive during the third quarter worth approximately $1,669,000. Crossmark Global Holdings Inc. purchased a new position in Liberty Interactive during the third quarter worth approximately $268,000. Andra AP fonden lifted its position in Liberty Interactive by 44.8% during the third quarter. Andra AP fonden now owns 86,600 shares of the company’s stock worth $2,041,000 after buying an additional 26,800 shares in the last quarter. Dupont Capital Management Corp lifted its position in Liberty Interactive by 25.8% during the third quarter. Dupont Capital Management Corp now owns 280,541 shares of the company’s stock worth $6,612,000 after buying an additional 57,478 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its position in Liberty Interactive by 6.0% during the third quarter. State of Wisconsin Investment Board now owns 380,895 shares of the company’s stock worth $8,978,000 after buying an additional 21,667 shares in the last quarter. Hedge funds and other institutional investors own 85.59% of the company’s stock.
In other Liberty Interactive news, Director Malcolm Ian Grant Gilchrist sold 3,765 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $26.38, for a total transaction of $99,320.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.68% of the stock is owned by company insiders.
A number of equities analysts recently commented on the company. Aegis reiterated a “buy” rating and set a $38.00 price objective (up previously from $35.00) on shares of Liberty Interactive in a research report on Tuesday, February 27th. BidaskClub raised Liberty Interactive from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. KeyCorp raised their target price on Liberty Interactive from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. FBN Securities cut Liberty Interactive from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, Bank of America cut their target price on Liberty Interactive from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.00.
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Liberty Interactive 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).
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