Liberty Interactive Corporation (LVNTA) Position Boosted by Bank of Montreal Can
Bank of Montreal Can raised its stake in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,389 shares of the company’s stock after buying an additional 966 shares during the period. Bank of Montreal Can’s holdings in Liberty Interactive Corporation were worth $387,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new position in Liberty Interactive Corporation during the first quarter valued at about $142,000. US Bancorp DE raised its position in Liberty Interactive Corporation by 15.4% in the first quarter. US Bancorp DE now owns 3,462 shares of the company’s stock valued at $154,000 after buying an additional 462 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Liberty Interactive Corporation by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,668 shares of the company’s stock valued at $164,000 after buying an additional 297 shares during the last quarter. Prudential Financial Inc. purchased a new position in Liberty Interactive Corporation during the first quarter valued at about $212,000. Finally, Janney Montgomery Scott LLC raised its position in Liberty Interactive Corporation by 15.2% in the first quarter. Janney Montgomery Scott LLC now owns 6,775 shares of the company’s stock valued at $301,000 after buying an additional 892 shares during the last quarter. 91.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Liberty Interactive Corporation (LVNTA) traded up 1.15% during midday trading on Wednesday, reaching $59.95. The company’s stock had a trading volume of 69,645 shares. Liberty Interactive Corporation has a 52 week low of $36.54 and a 52 week high of $62.41. The firm’s 50 day moving average is $57.87 and its 200 day moving average is $51.44. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 6.27 and a beta of 1.02.
Liberty Interactive Corporation (NASDAQ:LVNTA) last released its earnings results on Tuesday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.22. Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. The company had revenue of $6 million during the quarter, compared to the consensus estimate of $2 million. Equities analysts forecast that Liberty Interactive Corporation will post $5.10 EPS for the current fiscal year.
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Several research firms recently issued reports on LVNTA. FBR & Co reissued a “buy” rating and set a $78.00 target price (up previously from $60.00) on shares of Liberty Interactive Corporation in a research note on Monday, August 14th. BidaskClub downgraded Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Pivotal Research restated a “buy” rating and set a $68.00 price target (up previously from $66.00) on shares of Liberty Interactive Corporation in a report on Tuesday, August 15th. Finally, ValuEngine downgraded Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $60.25.
About Liberty Interactive Corporation
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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