Zacks Investment Research Upgrades Liberty Interactive Corp. (LVNTA) to Hold
Liberty Interactive Corp. (NASDAQ:LVNTA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “The Liberty Ventures Group is primarily focused on business investments. The Company owns interests in home shopping television networks and lifestyle and travel services Internet websites. The Liberty Ventures Group is headquartered in Englewood, Colorado. “
Other analysts also recently issued reports about the company. Pivotal Research lifted their price target on Liberty Interactive Corp. from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, November 7th. Citigroup Inc. lifted their price target on Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. FBR & Co reaffirmed a “buy” rating and set a $45.00 price target on shares of Liberty Interactive Corp. in a report on Wednesday, November 9th. Finally, Evercore ISI assumed coverage on Liberty Interactive Corp. in a report on Monday, November 7th. They set a “buy” rating and a $51.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.40.
Several hedge funds have recently bought and sold shares of the company. Brown Advisory Inc. boosted its stake in Liberty Interactive Corp. by 1.5% in the second quarter. Brown Advisory Inc. now owns 7,315 shares of the company’s stock worth $271,000 after buying an additional 105 shares during the period. US Bancorp DE boosted its stake in Liberty Interactive Corp. by 5.3% in the second quarter. US Bancorp DE now owns 3,328 shares of the company’s stock worth $124,000 after buying an additional 169 shares during the period. CIBC Asset Management Inc boosted its stake in Liberty Interactive Corp. by 1.9% in the third quarter. CIBC Asset Management Inc now owns 10,986 shares of the company’s stock worth $438,000 after buying an additional 207 shares during the period. Amalgamated Bank boosted its stake in Liberty Interactive Corp. by 1.7% in the second quarter. Amalgamated Bank now owns 17,049 shares of the company’s stock worth $660,000 after buying an additional 289 shares during the period. Finally, Profund Advisors LLC boosted its stake in Liberty Interactive Corp. by 3.4% in the third quarter. Profund Advisors LLC now owns 9,313 shares of the company’s stock worth $371,000 after buying an additional 302 shares during the period. Institutional investors and hedge funds own 91.62% of the company’s stock.
Liberty Interactive Corp. Company 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).
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