Alliancebernstein L.P. Cuts Stake in Liberty Interactive Corporation (LVNTA)

Alliancebernstein L.P. trimmed its position in Liberty Interactive Corporation (NASDAQ:LVNTA) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,674 shares of the company’s stock after selling 781 shares during the period. Alliancebernstein L.P. owned approximately 0.06% of Liberty Interactive Corporation worth $2,597,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Liberty Interactive Corporation by 4.9% in the second quarter. US Bancorp DE now owns 3,630 shares of the company’s stock valued at $190,000 after purchasing an additional 168 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Liberty Interactive Corporation by 4.8% in the second quarter. Prudential Financial Inc. now owns 5,000 shares of the company’s stock valued at $261,000 after purchasing an additional 230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Liberty Interactive Corporation by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,830 shares of the company’s stock valued at $148,000 after purchasing an additional 274 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Liberty Interactive Corporation by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,668 shares of the company’s stock valued at $164,000 after purchasing an additional 297 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Liberty Interactive Corporation by 6.1% in the second quarter. CIBC Asset Management Inc now owns 5,147 shares of the company’s stock valued at $269,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

A number of analysts have recently commented on the company. FBR & Co restated a “buy” rating and issued a $78.00 price target (up from $60.00) on shares of Liberty Interactive Corporation in a report on Monday, August 14th. BidaskClub lowered 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 issued a $68.00 price target (up from $66.00) on shares of Liberty Interactive Corporation in a report on Tuesday, August 15th. Finally, ValuEngine lowered Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Liberty Interactive Corporation has a consensus rating of “Buy” and an average target price of $65.67.

Shares of Liberty Interactive Corporation (NASDAQ LVNTA) opened at 57.64 on Friday. Liberty Interactive Corporation has a 52-week low of $36.54 and a 52-week high of $62.41. The firm has a market cap of $4.93 billion, a P/E ratio of 6.03 and a beta of 0.99. The company has a 50 day moving average price of $58.79 and a 200-day moving average price of $54.94.

Liberty Interactive Corporation (NASDAQ:LVNTA) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.14) earnings per share 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 the consensus estimate of $2.00 million. On average, analysts expect that Liberty Interactive Corporation will post $5.10 earnings per share for the current fiscal year.

In other Liberty Interactive Corporation news, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of Liberty Interactive Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $24.08, for a total transaction of $56,226.80. Following the transaction, the director now owns 955 shares of the company’s stock, valued at approximately $22,996.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark C. Vadon sold 273,729 shares of Liberty Interactive Corporation 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 transaction, the director now directly owns 630,300 shares in the company, valued at approximately $14,742,717. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,488 shares of company stock worth $11,204,298.

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Liberty Interactive Corporation 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).

Institutional Ownership by Quarter for Liberty Interactive Corporation (NASDAQ:LVNTA)

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