Analysts at Bank of America Corp. initiated coverage on shares of Liberty Interactive Group (NASDAQ:QVCA) in a research note issued to investors on Tuesday. The brokerage set a “neutral” rating on the stock.

QVCA has been the subject of several other research reports. Zacks Investment Research downgraded shares of Liberty Interactive Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 6th. FBN Securities upgraded shares of Liberty Interactive Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 10th. Wunderlich reduced their price objective on shares of Liberty Interactive Group from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Maxim Group initiated coverage on shares of Liberty Interactive Group in a research report on Thursday, June 9th. They set a “buy” rating and a $37.00 price objective for the company. Finally, Axiom Securities reduced their price objective on shares of Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $31.75.

Liberty Interactive Group (NASDAQ:QVCA) remained flat at $18.70 during mid-day trading on Tuesday. 3,432,993 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $21.20 and a 200 day moving average of $24.66. Liberty Interactive Group has a 12 month low of $18.42 and a 12 month high of $28.71. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 15.37 and a beta of 1.22.

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Liberty Interactive Group (NASDAQ:QVCA) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. Liberty Interactive Group had a net margin of 5.93% and a return on equity of 11.64%. On average, analysts predict that Liberty Interactive Group will post $1.02 earnings per share for the current fiscal year.

In other Liberty Interactive Group news, Director Michael A. George sold 150,000 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $26.24, for a total transaction of $3,936,000.00. Following the completion of the transaction, the director now owns 1,081,179 shares in the company, valued at approximately $28,370,136.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David E. Rapley sold 6,019 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $21.09, for a total transaction of $126,940.71. Following the transaction, the director now owns 16,046 shares of the company’s stock, valued at approximately $338,410.14. The disclosure for this sale can be found here. Company insiders own 10.78% of the company’s stock.

A number of institutional investors have recently made changes to their positions in QVCA. M&R Capital Management Inc. purchased a new position in shares of Liberty Interactive Group during the second quarter worth approximately $105,000. Mizuho Asset Management Co. Ltd. increased its position in shares of Liberty Interactive Group by 118.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 5,707 shares of the company’s stock worth $145,000 after buying an additional 3,095 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Liberty Interactive Group by 4,511.4% in the second quarter. Tower Research Capital LLC TRC now owns 7,286 shares of the company’s stock worth $185,000 after buying an additional 7,128 shares during the last quarter. TradeLink Capital LLC purchased a new position in shares of Liberty Interactive Group during the second quarter worth approximately $201,000. Finally, Suntrust Banks Inc. purchased a new position in shares of Liberty Interactive Group during the second quarter worth approximately $202,000. Institutional investors own 87.69% of the company’s stock.

Liberty Interactive Group Company 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).

5 Day Chart for NASDAQ:QVCA

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