FY2016 EPS Estimates for Liberty Interactive Group (QVCA) Lifted by Analyst
Liberty Interactive Group (NASDAQ:QVCA) – Equities research analysts at FBR & Co increased their FY2016 earnings estimates for Liberty Interactive Group in a research report issued to clients and investors on Wednesday. FBR & Co analyst B. Crockett now anticipates that the brokerage will earn $1.69 per share for the year, up from their previous forecast of $1.68. FBR & Co has a “Outperform” rating and a $25.00 price target on the stock. FBR & Co also issued estimates for Liberty Interactive Group’s Q4 2016 earnings at $0.58 EPS, FY2017 earnings at $1.99 EPS, FY2018 earnings at $2.42 EPS, FY2019 earnings at $2.83 EPS and FY2020 earnings at $3.31 EPS.
Several other research firms also recently weighed in on QVCA. Zacks Investment Research downgraded shares of Liberty Interactive Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 28th. FBN Securities upgraded shares of Liberty Interactive Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 10th. Axiom Securities dropped their target price on shares of Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating for the company in a report on Monday, August 8th. Wunderlich dropped their target price on shares of Liberty Interactive Group from $38.00 to $33.00 and set a “buy” rating for the company in a report on Monday, August 8th. Finally, KeyCorp set a $29.00 target price on shares of Liberty Interactive Group and gave the company a “buy” rating in a report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Liberty Interactive Group presently has a consensus rating of “Buy” and an average target price of $31.00.
Liberty Interactive Group (NASDAQ:QVCA) opened at 19.99 on Friday. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 19.60 and a beta of 1.32. Liberty Interactive Group has a one year low of $17.88 and a one year high of $27.58. The stock has a 50 day moving average of $19.19 and a 200 day moving average of $22.97.
In related news, CFO Christopher W. Shean sold 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $38.78, for a total value of $186,144.00. Following the sale, the chief financial officer now directly owns 91,003 shares of the company’s stock, valued at $3,529,096.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David E. Rapley sold 6,019 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $21.09, for a total transaction of $126,940.71. Following the completion of the sale, the director now directly owns 16,046 shares in the company, valued at $338,410.14. The disclosure for this sale can be found here. Insiders own 10.78% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in Liberty Interactive Group during the third quarter valued at about $90,799,000. Janus Capital Management LLC boosted its stake in Liberty Interactive Group by 7,674.1% in the second quarter. Janus Capital Management LLC now owns 3,305,098 shares of the company’s stock valued at $83,851,000 after buying an additional 3,262,584 shares in the last quarter. Locust Wood Capital Advisers LLC bought a new stake in Liberty Interactive Group during the second quarter valued at about $42,782,000. Suvretta Capital Management LLC boosted its stake in Liberty Interactive Group by 64.4% in the first quarter. Suvretta Capital Management LLC now owns 3,558,400 shares of the company’s stock valued at $89,850,000 after buying an additional 1,393,400 shares in the last quarter. Finally, Senator Investment Group LP boosted its stake in Liberty Interactive Group by 21.1% in the second quarter. Senator Investment Group LP now owns 5,750,000 shares of the company’s stock valued at $145,878,000 after buying an additional 1,000,000 shares in the last quarter. 87.66% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Interactive Group
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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