PNC Financial Services Group Inc. trimmed its stake in shares of Liberty Interactive Corporation (NASDAQ:QVCA) by 18.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,933 shares of the company’s stock after selling 13,680 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Liberty Interactive Corporation were worth $1,470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in QVCA. Shine Investment Advisory Services Inc. acquired a new position in Liberty Interactive Corporation during the 2nd quarter worth approximately $100,000. Meeder Asset Management Inc. increased its position in Liberty Interactive Corporation by 115.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,205 shares of the company’s stock worth $103,000 after purchasing an additional 2,257 shares in the last quarter. Global X Management Co. LLC increased its position in Liberty Interactive Corporation by 32.2% during the 1st quarter. Global X Management Co. LLC now owns 5,969 shares of the company’s stock worth $119,000 after purchasing an additional 1,454 shares in the last quarter. Fiduciary Trust Co. acquired a new position in Liberty Interactive Corporation during the 2nd quarter worth approximately $144,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Liberty Interactive Corporation during the 1st quarter worth approximately $158,000. Institutional investors and hedge funds own 88.91% of the company’s stock.

In related news, Director Mark C. Vadon sold 481,558 shares of Liberty Interactive Corporation stock in a transaction on 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 transaction, the director now directly owns 2,030,300 shares of the company’s stock, valued at $44,666,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark C. Vadon sold 296,131 shares of Liberty Interactive Corporation stock in a transaction on Monday, August 21st. The stock was sold at an average price of $21.12, for a total transaction of $6,254,286.72. Following the completion of the transaction, the director now directly owns 2,030,300 shares in the company, valued at $42,879,936. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,344,857 shares of company stock worth $51,282,498. 10.68% of the stock is owned by insiders.

QVCA has been the subject of several recent research reports. ValuEngine upgraded shares of Liberty Interactive Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup Inc. cut shares of Liberty Interactive Corporation from a “neutral” rating to a “sell” rating and decreased their price target for the company from $27.00 to $22.00 in a research report on Thursday, September 28th. Zacks Investment Research cut shares of Liberty Interactive Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. DA Davidson initiated coverage on shares of Liberty Interactive Corporation in a research report on Wednesday, September 13th. They issued a “buy” rating and a $33.00 price target for the company. Finally, Craig Hallum set a $28.00 price target on shares of Liberty Interactive Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.38.

Liberty Interactive Corporation (NASDAQ QVCA) opened at 23.57 on Friday. The firm has a 50-day moving average of $22.73 and a 200 day moving average of $22.73. Liberty Interactive Corporation has a 12 month low of $17.24 and a 12 month high of $26.00. The firm has a market capitalization of $10.63 billion, a PE ratio of 24.48 and a beta of 1.25.

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Liberty Interactive Corporation 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).

Institutional Ownership by Quarter for Liberty Interactive Corporation (NASDAQ:QVCA)

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