PNC Financial Services Group Inc. Increases Position in Liberty Interactive Corporation (LVNTA)
PNC Financial Services Group Inc. boosted its holdings in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 18.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,047 shares of the company’s stock after acquiring an additional 324 shares during the period. PNC Financial Services Group Inc.’s holdings in Liberty Interactive Corporation were worth $107,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in LVNTA. Ameriprise Financial Inc. grew its stake in Liberty Interactive Corporation by 107.4% during the 1st quarter. Ameriprise Financial Inc. now owns 34,005 shares of the company’s stock valued at $1,513,000 after acquiring an additional 17,606 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Liberty Interactive Corporation during the 1st quarter valued at about $212,000. Teachers Advisors LLC grew its stake in Liberty Interactive Corporation by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 83,735 shares of the company’s stock valued at $3,725,000 after acquiring an additional 2,695 shares in the last quarter. Legal & General Group Plc grew its stake in Liberty Interactive Corporation by 35.0% during the 1st quarter. Legal & General Group Plc now owns 25,405 shares of the company’s stock valued at $1,130,000 after acquiring an additional 6,584 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Liberty Interactive Corporation during the 1st quarter valued at about $303,000. 92.33% of the stock is owned by institutional investors.
LVNTA has been the subject of several analyst reports. FBR & Co reissued a “buy” rating and issued a $78.00 price target (up previously from $60.00) on shares of Liberty Interactive Corporation in a research note on Monday, August 14th. Pivotal Research increased their price target on shares of Liberty Interactive Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. BidaskClub raised shares of Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, ValuEngine cut shares of Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Two 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 company presently has a consensus rating of “Buy” and an average target price of $65.67.
Shares of Liberty Interactive Corporation (LVNTA) opened at 56.96 on Wednesday. The stock has a market cap of $4.88 billion, a PE ratio of 5.96 and a beta of 0.99. The stock has a 50 day moving average of $57.53 and a 200 day moving average of $55.75. Liberty Interactive Corporation has a 1-year low of $36.54 and a 1-year high of $62.41.
Liberty Interactive Corporation (NASDAQ:LVNTA) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.22). The firm had revenue of $6.00 million during the quarter, compared to analyst estimates of $2.00 million. Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. Equities research analysts forecast that Liberty Interactive Corporation will post $5.10 EPS for the current year.
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In related news, Director Mark C. Vadon sold 273,729 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $23.39, for a total value of $6,402,521.31. Following the completion of the sale, the director now directly owns 630,300 shares in the company, valued at $14,742,717. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark C. Vadon sold 201,424 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $23.56, for a total transaction of $4,745,549.44. Following the completion of the sale, the director now owns 630,300 shares of the company’s stock, valued at $14,849,868. The disclosure for this sale can be found here. In the last three months, insiders sold 602,488 shares of company stock valued at $13,969,298.
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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