FBR & Co Reiterates Outperform Rating for Liberty Interactive Group (QVCA)
Liberty Interactive Group (NASDAQ:QVCA)‘s stock had its “outperform” rating reaffirmed by stock analysts at FBR & Co in a report issued on Wednesday. They currently have a $26.00 target price on the stock, up from their previous target price of $24.00. FBR & Co’s price target indicates a potential upside of 11.16% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Citigroup Inc reaffirmed a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Liberty Interactive Group in a research report on Sunday, May 14th. Maxim Group lifted their price objective on shares of Liberty Interactive Group from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Aegis started coverage on shares of Liberty Interactive Group in a research report on Tuesday, March 28th. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Liberty Interactive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 24th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Liberty Interactive Group presently has an average rating of “Buy” and an average price target of $28.67.
Shares of Liberty Interactive Group (NASDAQ:QVCA) opened at 23.39 on Wednesday. The stock’s 50 day moving average is $21.57 and its 200-day moving average is $20.20. Liberty Interactive Group has a 12-month low of $17.24 and a 12-month high of $27.25. The stock has a market cap of $10.55 billion, a PE ratio of 23.53 and a beta of 1.34.
Liberty Interactive Group (NASDAQ:QVCA) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Liberty Interactive Group had a net margin of 4.85% and a return on equity of 10.93%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Equities analysts expect that Liberty Interactive Group will post $1.06 EPS for the current year.
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In other Liberty Interactive Group news, insider Richard N. Baer sold 37,854 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $43.92, for a total transaction of $1,662,547.68. Following the sale, the insider now owns 22,804 shares of the company’s stock, valued at approximately $1,001,551.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.78% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Liberty Interactive Group by 0.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 61,883 shares of the company’s stock valued at $1,238,000 after buying an additional 479 shares in the last quarter. Towerview LLC bought a new stake in Liberty Interactive Group during the third quarter valued at $1,001,000. Markston International LLC increased its stake in Liberty Interactive Group by 10.3% in the third quarter. Markston International LLC now owns 448,205 shares of the company’s stock valued at $8,969,000 after buying an additional 41,723 shares in the last quarter. Staley Capital Advisers Inc. increased its stake in Liberty Interactive Group by 5.7% in the third quarter. Staley Capital Advisers Inc. now owns 600,000 shares of the company’s stock valued at $12,006,000 after buying an additional 32,500 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its stake in Liberty Interactive Group by 1.0% in the third quarter. BlackRock Investment Management LLC now owns 234,265 shares of the company’s stock valued at $4,688,000 after buying an additional 2,304 shares in the last quarter. 89.62% of the stock is currently owned by institutional investors.
Liberty Interactive Group Company Profile
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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