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.
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.
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).
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