Mark C. Vadon Sells 80,000 Shares of Liberty Interactive Corp. (LVNTA) Stock
Liberty Interactive Corp. (NASDAQ:LVNTA) Director Mark C. Vadon sold 80,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $20.59, for a total value of $1,647,200.00. Following the completion of the sale, the director now directly owns 3,251,374 shares in the company, valued at $66,945,790.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Liberty Interactive Corp. (NASDAQ:LVNTA) opened at 39.72 on Friday. The stock has a market cap of $5.65 billion, a PE ratio of 17.27 and a beta of 1.06. The company’s 50-day moving average price is $39.75 and its 200-day moving average price is $38.78. Liberty Interactive Corp. has a 52-week low of $29.37 and a 52-week high of $41.74.
LVNTA has been the subject of several recent analyst reports. Zacks Investment Research cut Liberty Interactive Corp. from a “buy” rating to a “sell” rating in a research note on Tuesday, October 25th. FBR & Co boosted their price target on Liberty Interactive Corp. from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, October 21st. Pivotal Research boosted their price target on Liberty Interactive Corp. from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, November 7th. Evercore ISI initiated coverage on Liberty Interactive Corp. in a research note on Monday, November 7th. They issued a “buy” rating and a $51.00 price target for the company. Finally, Citigroup Inc. boosted their price target on Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Liberty Interactive Corp. presently has a consensus rating of “Buy” and an average target price of $48.40.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in Liberty Interactive Corp. by 33.2% in the second quarter. Alps Advisors Inc. now owns 278,749 shares of the company’s stock valued at $10,333,000 after buying an additional 69,405 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Liberty Interactive Corp. during the second quarter valued at about $415,000. SeaBridge Investment Advisors LLC boosted its stake in shares of Liberty Interactive Corp. by 2.2% in the second quarter. SeaBridge Investment Advisors LLC now owns 24,341 shares of the company’s stock valued at $902,000 after buying an additional 522 shares during the period. Locust Wood Capital Advisers LLC bought a new stake in shares of Liberty Interactive Corp. during the second quarter valued at about $45,938,000. Finally, Addison Capital Co bought a new stake in shares of Liberty Interactive Corp. during the second quarter valued at about $593,000. Institutional investors own 91.62% of the company’s stock.
About Liberty Interactive Corp.
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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