Jackson Square Partners LLC Sells 889,855 Shares of Liberty Interactive Corporation (QVCA)

Jackson Square Partners LLC lessened its stake in Liberty Interactive Corporation (NASDAQ:QVCA) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,164,803 shares of the company’s stock after selling 889,855 shares during the period. Liberty Interactive comprises about 2.8% of Jackson Square Partners LLC’s holdings, making the stock its 14th largest holding. Jackson Square Partners LLC owned approximately 6.02% of Liberty Interactive worth $569,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Liberty Interactive in the 2nd quarter valued at about $100,000. Highstreet Asset Management Inc. bought a new stake in shares of Liberty Interactive in the 3rd quarter valued at about $120,000. Toronto Dominion Bank lifted its stake in shares of Liberty Interactive by 18.2% in the 2nd quarter. Toronto Dominion Bank now owns 5,378 shares of the company’s stock valued at $132,000 after acquiring an additional 829 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Liberty Interactive in the 2nd quarter valued at about $144,000. Finally, Global X Management Co. LLC lifted its stake in shares of Liberty Interactive by 1.1% in the 2nd quarter. Global X Management Co. LLC now owns 6,036 shares of the company’s stock valued at $148,000 after acquiring an additional 67 shares during the last quarter. 97.07% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered Liberty Interactive from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Liberty Interactive from a “sell” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, October 10th. Citigroup reduced their price target on Liberty Interactive from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, August 14th. DA Davidson began coverage on Liberty Interactive in a report on Wednesday, September 13th. They set a “buy” rating and a $33.00 price target on the stock. Finally, B. Riley restated a “buy” rating on shares of Liberty Interactive in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $29.50.

In other Liberty Interactive news, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was 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 in the company, valued at approximately $22,996.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David E. Rapley sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $23.52, for a total value of $101,136.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,286,785 shares of company stock worth $29,532,584. 10.68% of the stock is owned by company insiders.

Liberty Interactive Corporation (NASDAQ:QVCA) opened at $24.75 on Thursday. Liberty Interactive Corporation has a twelve month low of $17.24 and a twelve month high of $26.00. The stock has a market capitalization of $9,947.22, a PE ratio of 14.17, a P/E/G ratio of 1.59 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://sportsperspectives.com/2017/12/07/jackson-square-partners-llc-sells-889855-shares-of-liberty-interactive-corporation-qvca.html.

About Liberty Interactive

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).

Want to see what other hedge funds are holding QVCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Interactive Corporation (NASDAQ:QVCA).

Institutional Ownership by Quarter for Liberty Interactive (NASDAQ:QVCA)

Receive News & Ratings for Liberty Interactive Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Interactive Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply