Liberty Interactive Corporation (QVCA) Sees Large Increase in Short Interest
Liberty Interactive Corporation (NASDAQ:QVCA) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 21,948,337 shares, an increase of 8.6% from the August 15th total of 20,217,054 shares. Approximately 5.3% of the company’s stock are sold short. Based on an average daily volume of 3,391,871 shares, the short-interest ratio is currently 6.5 days.
Liberty Interactive Corporation (QVCA) opened at 23.13 on Friday. Liberty Interactive Corporation has a 12 month low of $17.24 and a 12 month high of $26.00. The firm has a 50-day moving average price of $22.64 and a 200-day moving average price of $22.30. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 24.02 and a beta of 1.23.
In other Liberty Interactive Corporation news, Director Mark C. Vadon sold 796,693 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $22.67, for a total transaction of $18,061,030.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark C. Vadon sold 481,558 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $22.00, for a total transaction of $10,594,276.00. Following the transaction, the director now owns 2,030,300 shares of the company’s stock, valued at approximately $44,666,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,342,522 shares of company stock valued at $51,226,271. 10.68% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB boosted its holdings in Liberty Interactive Corporation by 22.3% in the second quarter. Xact Kapitalforvaltning AB now owns 97,948 shares of the company’s stock worth $2,404,000 after acquiring an additional 17,861 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Liberty Interactive Corporation by 52.0% in the second quarter. Prudential Financial Inc. now owns 2,151,833 shares of the company’s stock worth $52,806,000 after acquiring an additional 735,965 shares in the last quarter. World Asset Management Inc boosted its holdings in Liberty Interactive Corporation by 11.1% in the first quarter. World Asset Management Inc now owns 21,300 shares of the company’s stock worth $426,000 after acquiring an additional 2,136 shares in the last quarter. Northside Capital Management LLC acquired a new stake in Liberty Interactive Corporation in the first quarter worth about $230,000. Finally, Credit Suisse AG boosted its holdings in Liberty Interactive Corporation by 3.4% in the first quarter. Credit Suisse AG now owns 680,299 shares of the company’s stock worth $13,621,000 after acquiring an additional 22,155 shares in the last quarter. 88.91% of the stock is owned by institutional investors and hedge funds.
QVCA has been the subject of a number of analyst reports. BidaskClub lowered shares of Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Liberty Interactive Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Maxim Group decreased their price target on shares of Liberty Interactive Corporation from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, July 7th. ValuEngine downgraded shares of Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Aegis lifted their target price on shares of Liberty Interactive Corporation from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $29.11.
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Liberty Interactive Corporation 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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