Liberty Interactive Corporation (QVCA) Stake Boosted by Penserra Capital Management LLC
Penserra Capital Management LLC increased its position in Liberty Interactive Corporation (NASDAQ:QVCA) by 458.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,774 shares of the company’s stock after buying an additional 71,243 shares during the period. Liberty Interactive Corporation accounts for about 0.9% of Penserra Capital Management LLC’s holdings, making the stock its 23rd largest position. Penserra Capital Management LLC’s holdings in Liberty Interactive Corporation were worth $2,129,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in Liberty Interactive Corporation by 52.0% in the second quarter. Prudential Financial Inc. now owns 2,151,833 shares of the company’s stock worth $52,806,000 after buying an additional 735,965 shares during the last quarter. Geneva Advisors LLC purchased a new position in shares of Liberty Interactive Corporation during the second quarter valued at about $615,000. New South Capital Management Inc. boosted its position in shares of Liberty Interactive Corporation by 0.3% in the second quarter. New South Capital Management Inc. now owns 3,284,472 shares of the company’s stock valued at $80,601,000 after buying an additional 11,414 shares during the period. Victory Capital Management Inc. boosted its position in shares of Liberty Interactive Corporation by 26.2% in the second quarter. Victory Capital Management Inc. now owns 1,827,485 shares of the company’s stock valued at $44,846,000 after buying an additional 379,667 shares during the period. Finally, MUFG Americas Holdings Corp boosted its position in shares of Liberty Interactive Corporation by 2.7% in the second quarter. MUFG Americas Holdings Corp now owns 13,670 shares of the company’s stock valued at $335,000 after buying an additional 359 shares during the period. 90.68% of the stock is owned by institutional investors and hedge funds.
Liberty Interactive Corporation (NASDAQ:QVCA) opened at 21.86 on Friday. Liberty Interactive Corporation has a 12 month low of $17.24 and a 12 month high of $26.00. The firm has a 50-day moving average price of $23.10 and a 200 day moving average price of $22.00. The company has a market capitalization of $9.86 billion, a P/E ratio of 22.70 and a beta of 1.21.
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A number of research firms have issued reports on QVCA. Citigroup Inc. reiterated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of Liberty Interactive Corporation in a research note on Sunday, May 14th. BidaskClub cut shares of Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. ValuEngine lowered Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. FBR & Co lifted their target price on Liberty Interactive Corporation from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, July 7th. Finally, Craig Hallum set a $28.00 target price on Liberty Interactive Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.78.
In other Liberty Interactive Corporation news, Director Mark C. Vadon sold 481,558 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $22.00, for a total value of $10,594,276.00. Following the completion of the sale, the director now directly owns 2,030,300 shares in the company, valued at $44,666,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark C. Vadon sold 796,693 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $22.67, for a total transaction of $18,061,030.31. The disclosure for this sale can be found here. In the last three months, insiders sold 2,342,522 shares of company stock worth $51,226,271. 10.68% of the stock is owned by insiders.
Liberty Interactive Corporation 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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