Liberty Interactive Corporation (LVNTA) Director Sells $4,745,549.44 in Stock
Liberty Interactive Corporation (NASDAQ:LVNTA) Director Mark C. Vadon sold 201,424 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $23.56, for a total transaction of $4,745,549.44. Following the sale, the director now owns 630,300 shares in the company, valued at $14,849,868. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Liberty Interactive Corporation (NASDAQ LVNTA) opened at 59.31 on Monday. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 6.20 and a beta of 0.99. Liberty Interactive Corporation has a 1-year low of $36.54 and a 1-year high of $62.41. The company’s 50 day moving average is $58.97 and its 200-day moving average is $54.49.
Liberty Interactive Corporation (NASDAQ:LVNTA) last announced its earnings results on Tuesday, August 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.22). The company had revenue of $6.00 million for the quarter, compared to analysts’ expectations of $2.00 million. Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. Equities analysts anticipate that Liberty Interactive Corporation will post $5.10 earnings per share for the current fiscal year.
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Several large investors have recently made changes to their positions in LVNTA. PNC Financial Services Group Inc. raised its holdings in shares of Liberty Interactive Corporation by 18.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,047 shares of the company’s stock valued at $107,000 after buying an additional 324 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Liberty Interactive Corporation during the 1st quarter worth approximately $142,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Liberty Interactive Corporation by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,830 shares of the company’s stock worth $148,000 after purchasing an additional 274 shares during the last quarter. US Bancorp DE increased its holdings in Liberty Interactive Corporation by 15.4% during the 1st quarter. US Bancorp DE now owns 3,462 shares of the company’s stock worth $154,000 after purchasing an additional 462 shares during the last quarter. Finally, Sphera Funds Management LTD. purchased a new stake in Liberty Interactive Corporation during the 2nd quarter worth approximately $157,000. Institutional investors and hedge funds own 91.43% of the company’s stock.
A number of brokerages have issued reports on LVNTA. FBR & Co reiterated a “buy” rating and set a $78.00 price target (up from $60.00) on shares of Liberty Interactive Corporation in a research note on Monday, August 14th. Pivotal Research reiterated a “buy” rating and set a $68.00 price target (up from $66.00) on shares of Liberty Interactive Corporation in a research note on Tuesday, August 15th. ValuEngine lowered shares of Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, BidaskClub lowered shares of Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.67.
Liberty Interactive Corporation Company Profile
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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