Liberty Interactive Corporation (LVNTA) Director Sells $6,402,521.31 in Stock
Liberty Interactive Corporation (NASDAQ:LVNTA) Director Mark C. Vadon sold 273,729 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $23.39, for a total transaction of $6,402,521.31. Following the sale, the director now owns 630,300 shares of the company’s stock, valued at $14,742,717. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Liberty Interactive Corporation (LVNTA) traded down 0.20% during trading on Friday, reaching $59.31. 338,777 shares of the company traded hands. The stock has a market cap of $5.08 billion, a P/E ratio of 6.20 and a beta of 0.99. The stock’s 50 day moving average price is $58.98 and its 200-day moving average price is $54.38. Liberty Interactive Corporation has a 12 month low of $36.54 and a 12 month high of $62.41.
Liberty Interactive Corporation (NASDAQ:LVNTA) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.22). Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. The business had revenue of $6.00 million during the quarter, compared to analyst estimates of $2.00 million. On average, equities research analysts expect that Liberty Interactive Corporation will post $5.10 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. Makaira Partners LLC boosted its position in Liberty Interactive Corporation by 6.3% during the 2nd quarter. Makaira Partners LLC now owns 405,949 shares of the company’s stock worth $21,227,000 after acquiring an additional 24,068 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Liberty Interactive Corporation during the 2nd quarter worth approximately $310,000. Foxhaven Asset Management LP acquired a new position in Liberty Interactive Corporation during the 2nd quarter worth approximately $32,645,000. Janus Henderson Group PLC acquired a new position in Liberty Interactive Corporation during the 2nd quarter worth approximately $241,000. Finally, Shelton Capital Management acquired a new position in Liberty Interactive Corporation during the 2nd quarter worth approximately $252,000. 91.47% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on LVNTA. FBR & Co restated a “buy” rating and set a $78.00 price target (up from $60.00) on shares of Liberty Interactive Corporation in a report on Monday, August 14th. BidaskClub cut shares of Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Pivotal Research restated a “buy” rating and set a $68.00 price target (up from $66.00) on shares of Liberty Interactive Corporation in a report on Tuesday, August 15th. Finally, ValuEngine cut shares of Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Liberty Interactive Corporation currently has a consensus rating of “Buy” and a consensus target price of $65.67.
Liberty Interactive Corporation 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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