Liberty Interactive Corp. (LVNTA) Raised to “Buy” at Zacks Investment Research
Liberty Interactive Corp. (NASDAQ:LVNTA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $44.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 11.45% from the company’s previous close.
According to Zacks, “The Liberty Ventures Group is primarily focused on business investments. The Company owns interests in home shopping television networks and lifestyle and travel services Internet websites. The Liberty Ventures Group is headquartered in Englewood, Colorado. “
Separately, Citigroup Inc. boosted their price objective on shares of Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Liberty Interactive Corp. presently has a consensus rating of “Buy” and an average price target of $44.75.
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Liberty Interactive Corp. (NASDAQ:LVNTA) opened at 39.48 on Wednesday. Liberty Interactive Corp. has a 52-week low of $32.35 and a 52-week high of $45.39. The firm has a market capitalization of $5.62 billion, a PE ratio of 17.17 and a beta of 1.07. The company’s 50-day moving average is $39.50 and its 200-day moving average is $38.58.
Several large investors have recently made changes to their positions in the company. Rafferty Asset Management LLC increased its position in shares of Liberty Interactive Corp. by 1.0% in the first quarter. Rafferty Asset Management LLC now owns 9,985 shares of the company’s stock valued at $391,000 after buying an additional 97 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Liberty Interactive Corp. by 1.5% in the second quarter. Brown Advisory Inc. now owns 7,315 shares of the company’s stock valued at $271,000 after buying an additional 105 shares during the last quarter. US Bancorp DE increased its position in shares of Liberty Interactive Corp. by 5.3% in the second quarter. US Bancorp DE now owns 3,328 shares of the company’s stock valued at $124,000 after buying an additional 169 shares during the last quarter. Aviva PLC increased its position in shares of Liberty Interactive Corp. by 0.4% in the first quarter. Aviva PLC now owns 70,146 shares of the company’s stock valued at $2,744,000 after buying an additional 259 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Liberty Interactive Corp. by 1.7% in the second quarter. Amalgamated Bank now owns 17,049 shares of the company’s stock valued at $660,000 after buying an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.
About Liberty Interactive Corp.
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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