FBR & Co Reiterates “Outperform” Rating for Liberty Interactive Group (QVCA)
Liberty Interactive Group (NASDAQ:QVCA)‘s stock had its “outperform” rating restated by investment analysts at FBR & Co in a report released on Wednesday. They currently have a $26.00 price target on the stock, up from their prior price target of $24.00. FBR & Co’s price target points to a potential upside of 10.40% from the stock’s previous close.
Other analysts also recently issued reports about the company. Maxim Group upped their price objective on Liberty Interactive Group from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Citigroup Inc reaffirmed a “buy” rating and set a $28.00 price objective (up from $26.00) on shares of Liberty Interactive Group in a research note on Sunday. Aegis started coverage on Liberty Interactive Group in a research note on Tuesday, March 28th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Zacks Investment Research downgraded Liberty Interactive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 24th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $28.67.
Liberty Interactive Group (NASDAQ:QVCA) opened at 23.55 on Wednesday. The stock has a 50 day moving average price of $21.36 and a 200-day moving average price of $20.15. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 23.74 and a beta of 1.34. Liberty Interactive Group has a one year low of $17.24 and a one year high of $27.25.
Liberty Interactive Group (NASDAQ:QVCA) last posted its earnings results on Tuesday, May 9th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Liberty Interactive Group had a return on equity of 10.93% and a net margin of 4.85%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. On average, analysts predict that Liberty Interactive Group will post $1.06 earnings per share for the current fiscal year.
In other Liberty Interactive Group news, insider Richard N. Baer sold 37,854 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $43.92, for a total transaction of $1,662,547.68. Following the completion of the sale, the insider now directly owns 22,804 shares of the company’s stock, valued at approximately $1,001,551.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.78% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. WFG Advisors LP boosted its position in Liberty Interactive Group by 6,133.9% in the fourth quarter. WFG Advisors LP now owns 3,491 shares of the company’s stock valued at $249,000 after buying an additional 3,435 shares during the last quarter. Diligent Investors LLC acquired a new position in Liberty Interactive Group during the fourth quarter valued at about $219,000. Global X Management Co. LLC boosted its position in Liberty Interactive Group by 32.2% in the first quarter. Global X Management Co. LLC now owns 5,969 shares of the company’s stock valued at $119,000 after buying an additional 1,454 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Liberty Interactive Group during the third quarter valued at about $126,000. Finally, Financial Architects Inc boosted its position in Liberty Interactive Group by 121.9% in the first quarter. Financial Architects Inc now owns 7,107 shares of the company’s stock valued at $143,000 after buying an additional 3,904 shares during the last quarter. Institutional investors own 89.62% of the company’s stock.
Liberty Interactive Group Company Profile
Liberty Interactive Corporation owns interests in subsidiaries and other companies, which are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its subsidiaries QVC, Inc (QVC), zulily, llc (zulily) and and Evite, Inc (Evite).
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