Liberty Interactive Corporation (LVNTA) Shares Sold by Alps Advisors Inc.
Alps Advisors Inc. reduced its position in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 351,757 shares of the company’s stock after selling 10,151 shares during the period. Alps Advisors Inc.’s holdings in Liberty Interactive Corporation were worth $18,393,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Liberty Interactive Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,191,159 shares of the company’s stock worth $275,383,000 after buying an additional 253,058 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Liberty Interactive Corporation by 0.8% in the first quarter. Artisan Partners Limited Partnership now owns 4,127,671 shares of the company’s stock worth $183,599,000 after buying an additional 31,471 shares during the last quarter. BlackRock Inc. boosted its stake in Liberty Interactive Corporation by 14,891.7% in the first quarter. BlackRock Inc. now owns 3,550,325 shares of the company’s stock worth $157,917,000 after buying an additional 3,526,643 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Liberty Interactive Corporation by 5.7% in the first quarter. Clearbridge Investments LLC now owns 1,833,336 shares of the company’s stock worth $81,547,000 after buying an additional 98,937 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC boosted its stake in Liberty Interactive Corporation by 55.8% in the second quarter. Locust Wood Capital Advisers LLC now owns 1,478,729 shares of the company’s stock worth $77,323,000 after buying an additional 529,829 shares during the last quarter. 89.36% of the stock is owned by hedge funds and other institutional investors.
Liberty Interactive Corporation (LVNTA) opened at 62.02 on Wednesday. The stock’s 50 day moving average price is $56.09 and its 200-day moving average price is $50.58. Liberty Interactive Corporation has a 52 week low of $36.54 and a 52 week high of $62.41. The stock has a market capitalization of $5.30 billion, a P/E ratio of 6.22 and a beta of 1.02.
Liberty Interactive Corporation (NASDAQ:LVNTA) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.22. The business had revenue of $6 million for the quarter, compared to analyst estimates of $2 million. Liberty Interactive Corporation had a return on equity of 6.65% and a net margin of 653.21%. Equities research analysts expect that Liberty Interactive Corporation will post $5.10 earnings per share for the current year.
A number of analysts have weighed in on LVNTA shares. Pivotal Research increased their price objective on Liberty Interactive Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 4th. BidaskClub cut Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. FBR & Co reaffirmed a “buy” rating and set a $78.00 price objective (up from $60.00) on shares of Liberty Interactive Corporation in a research report on Monday. Finally, ValuEngine cut Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Three research 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 currently has an average rating of “Buy” and an average price target of $60.25.
About Liberty Interactive Corporation
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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