Makaira Partners LLC Grows Position in Liberty Interactive Corporation (QVCA)
Makaira Partners LLC lifted its holdings in shares of Liberty Interactive Corporation (NASDAQ:QVCA) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,517,833 shares of the company’s stock after purchasing an additional 390,716 shares during the period. Liberty Interactive Corporation comprises about 24.1% of Makaira Partners LLC’s investment portfolio, making the stock its biggest position. Makaira Partners LLC owned 1.67% of Liberty Interactive Corporation worth $184,488,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in QVCA. Dodge & Cox grew its holdings in shares of Liberty Interactive Corporation by 19.0% during the 2nd quarter. Dodge & Cox now owns 28,349,750 shares of the company’s stock valued at $695,703,000 after purchasing an additional 4,527,707 shares during the last quarter. Jana Partners LLC bought a new stake in Liberty Interactive Corporation in the 1st quarter worth $59,184,000. Numeric Investors LLC bought a new stake in Liberty Interactive Corporation in the 2nd quarter worth $67,939,000. Public Employees Retirement Association of Colorado grew its holdings in Liberty Interactive Corporation by 2,044.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 1,606,411 shares of the company’s stock worth $39,421,000 after acquiring an additional 1,531,506 shares during the last quarter. Finally, P Schoenfeld Asset Management LP bought a new stake in Liberty Interactive Corporation in the 2nd quarter worth $37,404,000. 88.91% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on QVCA. ValuEngine raised shares of Liberty Interactive Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Citigroup Inc. lowered shares of Liberty Interactive Corporation from a “neutral” rating to a “sell” rating and cut their price target for the stock from $27.00 to $22.00 in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Liberty Interactive Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. DA Davidson began coverage on shares of Liberty Interactive Corporation in a report on Wednesday, September 13th. They issued a “buy” rating and a $33.00 price target on the stock. Finally, Craig Hallum set a $28.00 price target on shares of 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 sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.38.
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In other news, Director Mark C. Vadon sold 796,693 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $22.67, for a total value of $18,061,030.31. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $24.08, for a total transaction of $56,226.80. Following the completion of the sale, the director now directly owns 955 shares in the company, valued at approximately $22,996.40. The disclosure for this sale can be found here. In the last three months, insiders sold 2,820,010 shares of company stock worth $62,429,587. Insiders own 10.68% of the company’s stock.
Shares of Liberty Interactive Corporation (QVCA) traded down 2.08% during midday trading on Friday, reaching $23.08. 3,536,557 shares of the company’s stock were exchanged. Liberty Interactive Corporation has a 12-month low of $17.24 and a 12-month high of $26.00. The stock’s 50 day moving average is $22.79 and its 200-day moving average is $22.76. The stock has a market cap of $10.41 billion, a PE ratio of 23.97 and a beta of 1.25.
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).
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