Zacks Investment Research upgraded shares of Liberty Interactive Corporation (NASDAQ:QVCA) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $22.00 price target on the stock.
According to Zacks, “Liberty Interactive’s QVC division is benefiting from the surge in online sales. The major thrust is expected to come from the growing adoption of high-end smartphones in the U.S. QVC is gradually expanding its presence in developed international markets such as Japan, Germany, Italy, and the U.K., which will enable QVC to achieve a high rate of growth. Liberty Interactive is also highly optimistic about its operations in China. Moreover, international markets provide over 25% of QVC’s yearly revenues. However, persistent global economic crisis, rapid technological changes, foreign exchange risks and intensifying competition remain potent headwinds. In the past one year, the Zacks categorized U.S. ‘Retail – Mail Order & Direct’ industry has witnessed a decline of 16.75%. Further, Liberty Media Interactive’s 23.80% is worse than the industry mark.”
QVCA has been the topic of several other reports. Bank of America Corporation started coverage on shares of Liberty Interactive Corporation in a research report on Tuesday, September 20th. They issued a neutral rating on the stock. KeyCorp set a $29.00 price objective on shares of Liberty Interactive Corporation and gave the company a buy rating in a research report on Tuesday, November 8th. Nine equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus price target of $29.38.
Shares of Liberty Interactive Corporation (NASDAQ:QVCA) traded down 0.41% during trading on Tuesday, hitting $19.38. 1,400,343 shares of the company’s stock were exchanged. Liberty Interactive Corporation has a 1-year low of $17.88 and a 1-year high of $27.25. The stock’s 50-day moving average price is $20.55 and its 200-day moving average price is $21.46. The stock has a market cap of $9.05 billion, a PE ratio of 18.63 and a beta of 1.35.
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In other news, Director Mark C. Vadon sold 591,799 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $21.21, for a total value of $12,552,056.79. Following the sale, the director now directly owns 3,100,300 shares in the company, valued at approximately $65,757,363. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark C. Vadon sold 616,810 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $20.50, for a total transaction of $12,644,605.00. Following the completion of the sale, the director now owns 2,555,300 shares in the company, valued at $52,383,650. The disclosure for this sale can be found here. 10.78% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Harris Associates L P increased its stake in Liberty Interactive Corporation by 2.2% in the third quarter. Harris Associates L P now owns 24,365,721 shares of the company’s stock worth $487,558,000 after buying an additional 530,933 shares during the last quarter. SeaBridge Investment Advisors LLC increased its stake in Liberty Interactive Corporation by 63.9% in the third quarter. SeaBridge Investment Advisors LLC now owns 136,124 shares of the company’s stock valued at $2,724,000 after buying an additional 53,085 shares in the last quarter. BlackRock Inc. increased its stake in Liberty Interactive Corporation by 36.9% in the third quarter. BlackRock Inc. now owns 605,701 shares of the company’s stock valued at $12,121,000 after buying an additional 163,150 shares in the last quarter. Flossbach Von Storch AG increased its stake in Liberty Interactive Corporation by 108.6% in the third quarter. Flossbach Von Storch AG now owns 865,900 shares of the company’s stock valued at $17,327,000 after buying an additional 450,700 shares in the last quarter. Finally, Ngam Advisors L.P. increased its stake in Liberty Interactive Corporation by 10.3% in the second quarter. Ngam Advisors L.P. now owns 347,211 shares of the company’s stock valued at $8,808,000 after buying an additional 32,307 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.
About Liberty Interactive Corporation
Liberty Interactive Corporation owns interests in subsidiaries and other companies that are engaged in the video and digital commerce industries. The Company’s segments include QVC and zulily. The Company holds interests in QVC Group and the Liberty Ventures Group. The QVC Group consists of the Company’s subsidiaries, including QVC, Inc (QVC) and zulily, llc (zulily), and its interest in HSN, Inc (HSN).
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