TIAA CREF Investment Management LLC Cuts Stake in Liberty Interactive Corporation (LVNTA)
TIAA CREF Investment Management LLC reduced its position in Liberty Interactive Corporation (NASDAQ:LVNTA) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,827 shares of the company’s stock after selling 2,551 shares during the quarter. TIAA CREF Investment Management LLC owned 0.29% of Liberty Interactive Corporation worth $12,854,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new position in Liberty Interactive Corporation in the first quarter worth approximately $142,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Liberty Interactive Corporation by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,830 shares of the company’s stock worth $148,000 after buying an additional 274 shares during the period. US Bancorp DE lifted its holdings in Liberty Interactive Corporation by 15.4% during the first quarter. US Bancorp DE now owns 3,462 shares of the company’s stock worth $154,000 after buying an additional 462 shares during the period. Sphera Funds Management LTD. purchased a new stake in Liberty Interactive Corporation during the second quarter worth $157,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Liberty Interactive Corporation by 8.8% during the first quarter. Envestnet Asset Management Inc. now owns 3,668 shares of the company’s stock worth $164,000 after buying an additional 297 shares during the period. Hedge funds and other institutional investors own 91.47% of the company’s stock.
Shares of Liberty Interactive Corporation (NASDAQ LVNTA) opened at 57.86 on Tuesday. Liberty Interactive Corporation has a one year low of $36.54 and a one year high of $62.41. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 6.05 and a beta of 0.99. The stock’s 50 day moving average price is $59.21 and its 200 day moving average price is $54.21.
Liberty Interactive Corporation (NASDAQ:LVNTA) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate 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%. Analysts forecast that Liberty Interactive Corporation will post $5.10 earnings per share for the current year.
In related news, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $24.08, for a total transaction of $56,226.80. Following the completion of the transaction, the director now owns 955 shares in the company, valued at $22,996.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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A number of brokerages have commented on LVNTA. Pivotal Research reiterated a “buy” rating and issued a $68.00 target price (up from $66.00) on shares of Liberty Interactive Corporation in a report on Tuesday, August 15th. FBR & Co restated a “buy” rating and issued a $78.00 price target (up from $60.00) on shares of Liberty Interactive Corporation in a report on Monday, August 14th. ValuEngine cut shares of Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub raised shares of Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.25.
Liberty Interactive Corporation Profile
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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