Liberty Interactive Group (NASDAQ:QVCA) has been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the firm. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $29.50.
QVCA has been the subject of a number of recent analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Liberty Interactive Group in a research report on Tuesday, April 4th. FBR & Co reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Liberty Interactive Group in a research report on Wednesday, March 8th. Zacks Investment Research cut Liberty Interactive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 24th. Aegis assumed coverage on Liberty Interactive Group in a report on Tuesday, March 28th. They set a “buy” rating and a $27.00 price target for the company. Finally, Citigroup Inc restated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Liberty Interactive Group in a research note on Sunday, May 14th.
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In other news, insider Richard N. Baer sold 37,854 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $43.92, for a total value of $1,662,547.68. Following the transaction, the insider now directly owns 22,804 shares of the company’s stock, valued at approximately $1,001,551.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.78% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of QVCA. Markston International LLC raised its position in Liberty Interactive Group by 10.3% in the third quarter. Markston International LLC now owns 448,205 shares of the company’s stock valued at $8,969,000 after buying an additional 41,723 shares in the last quarter. Towerview LLC acquired a new position in Liberty Interactive Group during the third quarter valued at about $1,001,000. Schwartz Investment Counsel Inc. raised its position in Liberty Interactive Group by 37.5% in the third quarter. Schwartz Investment Counsel Inc. now owns 220,000 shares of the company’s stock valued at $4,402,000 after buying an additional 60,000 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in Liberty Interactive Group during the third quarter valued at about $670,000. Finally, Flossbach Von Storch AG raised its position in Liberty Interactive Group 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. 89.62% of the stock is owned by hedge funds and other institutional investors.
Liberty Interactive Group (NASDAQ:QVCA) opened at 23.74 on Monday. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 23.88 and a beta of 1.34. The company has a 50-day moving average of $21.68 and a 200 day moving average of $20.24. Liberty Interactive Group has a 12-month low of $17.24 and a 12-month high of $27.25.
Liberty Interactive Group (NASDAQ:QVCA) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.37 EPS for the quarter, beating the 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 firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Equities analysts anticipate that Liberty Interactive Group will post $1.06 earnings per share for the current year.
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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