Liberty Interactive Corp (QVCA) Position Boosted by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. increased its position in shares of Liberty Interactive Corp (NASDAQ:QVCA) by 62.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,257,280 shares of the company’s stock after purchasing an additional 2,017,312 shares during the period. Goldman Sachs Group Inc.’s holdings in Liberty Interactive were worth $128,382,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Liberty Interactive during the 4th quarter worth about $159,000. Icon Wealth Partners LLC bought a new stake in Liberty Interactive during the 4th quarter valued at about $191,000. Itau Unibanco Holding S.A. lifted its holdings in Liberty Interactive by 846.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 8,490 shares of the company’s stock valued at $207,000 after buying an additional 7,593 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Liberty Interactive during the 4th quarter valued at about $247,000. Finally, LS Investment Advisors LLC lifted its holdings in Liberty Interactive by 46.5% during the 4th quarter. LS Investment Advisors LLC now owns 10,879 shares of the company’s stock valued at $266,000 after buying an additional 3,452 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Malcolm Ian Grant Gilchrist sold 3,765 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $26.38, for a total value of $99,320.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 10.68% of the company’s stock.
QVCA has been the subject of a number of research analyst reports. Aegis lifted their price objective on shares of Liberty Interactive from $34.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 17th. DA Davidson reiterated a “buy” rating and set a $33.00 price objective on shares of Liberty Interactive in a report on Thursday, November 30th. BidaskClub lowered shares of Liberty Interactive from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Zacks Investment Research lowered shares of Liberty Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, FBN Securities upgraded shares of Liberty Interactive from a “sector perform” rating to a “buy” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $32.10.
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Liberty Interactive 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).
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