Liberty Interactive Corporation (QVCA) Stake Lessened by Rhumbline Advisers
Rhumbline Advisers decreased its holdings in Liberty Interactive Corporation (NASDAQ:QVCA) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 524,369 shares of the company’s stock after selling 3,137 shares during the period. Rhumbline Advisers owned approximately 0.13% of Liberty Interactive Corporation worth $12,359,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of QVCA. Dodge & Cox increased its stake in shares of Liberty Interactive Corporation by 19.0% in the 2nd quarter. Dodge & Cox now owns 28,349,750 shares of the company’s stock valued at $695,703,000 after purchasing an additional 4,527,707 shares during the last quarter. Numeric Investors LLC bought a new position in shares of Liberty Interactive Corporation in the 2nd quarter valued at $67,939,000. Public Employees Retirement Association of Colorado increased its stake in shares of Liberty Interactive Corporation by 2,044.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 1,606,411 shares of the company’s stock valued at $39,421,000 after purchasing an additional 1,531,506 shares during the last quarter. P Schoenfeld Asset Management LP bought a new position in shares of Liberty Interactive Corporation in the 2nd quarter valued at $37,404,000. Finally, Obermeyer Wood Investment Counsel Lllp bought a new position in shares of Liberty Interactive Corporation in the 2nd quarter valued at $32,002,000. Institutional investors own 95.89% of the company’s stock.
In related news, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $24.08, for a total transaction of $56,226.80. Following the sale, the director now owns 955 shares of the company’s stock, valued at approximately $22,996.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark C. Vadon sold 679,997 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were 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. In the last three months, insiders have sold 1,286,785 shares of company stock worth $29,532,584. 10.68% of the stock is currently owned by company insiders.
Several equities analysts have recently issued reports on QVCA shares. ValuEngine upgraded Liberty Interactive Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Citigroup Inc. decreased their price target on Liberty Interactive Corporation from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. DA Davidson started coverage on Liberty Interactive Corporation in a research note on Wednesday, September 13th. They issued a “buy” rating and a $33.00 price target on the stock. Zacks Investment Research lowered Liberty Interactive Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, B. Riley reissued a “buy” rating on shares of Liberty Interactive Corporation in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $29.50.
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Shares of Liberty Interactive Corporation (NASDAQ:QVCA) opened at $24.94 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. Liberty Interactive Corporation has a twelve month low of $17.24 and a twelve month high of $26.00. The firm has a market capitalization of $10,003.37, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.60 and a beta of 1.31.
About Liberty Interactive Corporation
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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