Liberty Interactive Group (NASDAQ:QVCA) Receives Consensus Rating of “Buy” from Analysts
Liberty Interactive Group (NASDAQ:QVCA) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $31.67.
Several equities analysts recently weighed in on QVCA shares. Maxim Group started coverage on shares of Liberty Interactive Group in a report on Thursday, June 9th. They issued a “buy” rating and a $37.00 price target on the stock. Axiom Securities lowered their price objective on Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Wunderlich lowered their price objective on Liberty Interactive Group from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Zacks Investment Research lowered Liberty Interactive Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Bank of America Corp. initiated coverage on Liberty Interactive Group in a research report on Tuesday, September 20th. They issued a “neutral” rating on the stock.
Shares of Liberty Interactive Group (NASDAQ:QVCA) traded down 1.244% during midday trading on Friday, reaching $19.445. 1,160,210 shares of the company traded hands. Liberty Interactive Group has a 1-year low of $18.42 and a 1-year high of $28.71. The stock has a 50 day moving average price of $20.21 and a 200 day moving average price of $24.21. The firm has a market capitalization of $9.26 billion, a PE ratio of 15.978 and a beta of 1.26.
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Liberty Interactive Group (NASDAQ:QVCA) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ 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%. Analysts expect that Liberty Interactive Group will post $1.01 earnings per share for the current fiscal year.
In other news, Director David E. Rapley sold 6,019 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $338,410.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. George sold 150,000 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $26.24, for a total value of $3,936,000.00. Following the transaction, the director now owns 1,081,179 shares in the company, valued at approximately $28,370,136.96. The disclosure for this sale can be found here. Insiders own 10.78% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. M&R Capital Management Inc. purchased a new position in shares of Liberty Interactive Group during the second quarter worth $105,000. Mizuho Asset Management Co. Ltd. raised 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 raised 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 $201,000. Finally, Suntrust Banks Inc. purchased a new position in shares of Liberty Interactive Group during the second quarter worth $202,000. Hedge funds and other institutional investors own 87.68% 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).
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