Liberty Interactive Corporation (LVNTA) Rating Reiterated by Pivotal Research

Pivotal Research reaffirmed their buy rating on shares of Liberty Interactive Corporation (NASDAQ:LVNTA) in a research note published on Tuesday morning, Marketbeat.com reports. Pivotal Research currently has a $68.00 target price on the stock, up from their prior target price of $66.00.

A number of other research firms have also recently weighed in on LVNTA. FBR & Co reiterated a buy rating and issued a $78.00 target price (up from $60.00) on shares of Liberty Interactive Corporation in a research note on Monday. BidaskClub upgraded shares of Liberty Interactive Corporation from a buy rating to a strong-buy rating in a research note on Wednesday, July 12th. Finally, ValuEngine cut shares of Liberty Interactive Corporation from a buy rating to a hold rating in a research note on Tuesday, August 1st. Three 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. The company has an average rating of Buy and a consensus target price of $60.25.

Shares of Liberty Interactive Corporation (NASDAQ LVNTA) traded down 0.22% during midday trading on Tuesday, reaching $59.74. 98,271 shares of the company’s stock traded hands. Liberty Interactive Corporation has a 12 month low of $36.54 and a 12 month high of $62.41. The stock has a 50-day moving average price of $56.59 and a 200 day moving average price of $50.73. The firm has a market cap of $5.11 billion, a PE ratio of 6.25 and a beta of 1.02.

Liberty Interactive Corporation (NASDAQ:LVNTA) last released its earnings results on Tuesday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.22. The company had revenue of $6 million during the quarter, compared to analysts’ expectations of $2 million. Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. Equities research analysts predict that Liberty Interactive Corporation will post $5.10 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Liberty Interactive Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,191,159 shares of the company’s stock worth $275,383,000 after buying an additional 253,058 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Liberty Interactive Corporation by 0.8% in the first quarter. Artisan Partners Limited Partnership now owns 4,127,671 shares of the company’s stock worth $183,599,000 after buying an additional 31,471 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Liberty Interactive Corporation by 14,891.7% in the first quarter. BlackRock Inc. now owns 3,550,325 shares of the company’s stock worth $157,917,000 after buying an additional 3,526,643 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Liberty Interactive Corporation by 2.0% in the second quarter. Principal Financial Group Inc. now owns 3,420,724 shares of the company’s stock worth $178,869,000 after buying an additional 67,056 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Liberty Interactive Corporation by 5.7% in the first quarter. Clearbridge Investments LLC now owns 1,833,336 shares of the company’s stock worth $81,547,000 after buying an additional 98,937 shares during the last quarter. Institutional investors own 89.36% of the company’s stock.

About Liberty Interactive Corporation

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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