Strategic Global Advisors LLC purchased a new stake in Liberty Interactive Corporation (NASDAQ:QVCA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,040 shares of the company’s stock, valued at approximately $467,000.
A number of other hedge funds also recently made changes to their positions in QVCA. Jana Partners LLC acquired a new stake in Liberty Interactive Corporation in the 1st quarter valued at $59,184,000. Public Employees Retirement Association of Colorado boosted its stake in Liberty Interactive Corporation by 2,044.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 1,606,411 shares of the company’s stock valued at $39,421,000 after buying an additional 1,531,506 shares in the last quarter. P Schoenfeld Asset Management LP acquired a new stake in Liberty Interactive Corporation in the 2nd quarter valued at $37,404,000. Clearbridge Investments LLC boosted its stake in Liberty Interactive Corporation by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 18,010,441 shares of the company’s stock valued at $360,569,000 after buying an additional 1,413,144 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp acquired a new stake in Liberty Interactive Corporation in the 2nd quarter valued at $32,002,000. 88.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Liberty Interactive Corporation (QVCA) traded up 0.04% during trading on Friday, reaching $23.12. The company’s stock had a trading volume of 4,630,752 shares. Liberty Interactive Corporation has a 52-week low of $17.24 and a 52-week high of $26.00. The company has a market cap of $10.43 billion, a PE ratio of 24.01 and a beta of 1.23. The firm’s 50-day moving average is $22.60 and its 200 day moving average is $22.32.
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QVCA has been the topic of several recent analyst reports. Craig Hallum set a $28.00 price target on Liberty Interactive Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. BidaskClub downgraded Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Aegis lifted their price objective on Liberty Interactive Corporation from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, July 7th. Maxim Group cut their price objective on Liberty Interactive Corporation from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, July 7th. Finally, Citigroup Inc. cut their price objective on Liberty Interactive Corporation from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, August 14th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.11.
In other Liberty Interactive Corporation news, Director Mark C. Vadon sold 762,121 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $21.24, for a total value of $16,187,450.04. Following the sale, the director now owns 2,030,300 shares of the company’s stock, valued at approximately $43,123,572. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark C. Vadon sold 796,693 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $22.67, for a total value of $18,061,030.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,342,522 shares of company stock worth $51,226,271. Company insiders own 10.68% of the company’s stock.
About Liberty Interactive Corporation
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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