Liberty Interactive Corporation (LVNTA) Holdings Cut by Alpine Global Management LLC
Alpine Global Management LLC lessened its stake in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 66.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,210 shares of the company’s stock after selling 156,338 shares during the period. Liberty Interactive Corporation comprises 1.3% of Alpine Global Management LLC’s investment portfolio, making the stock its 20th largest holding. Alpine Global Management LLC owned about 0.10% of Liberty Interactive Corporation worth $4,194,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE grew its stake in Liberty Interactive Corporation by 15.4% during the 1st quarter. US Bancorp DE now owns 3,462 shares of the company’s stock valued at $154,000 after acquiring an additional 462 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Liberty Interactive Corporation by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 322,054 shares of the company’s stock valued at $14,326,000 after acquiring an additional 4,674 shares in the last quarter. Karp Capital Management Corp purchased a new position in Liberty Interactive Corporation during the 1st quarter valued at about $448,000. Ameriprise Financial Inc. grew its stake in Liberty Interactive Corporation by 107.4% during the 1st quarter. Ameriprise Financial Inc. now owns 34,005 shares of the company’s stock valued at $1,513,000 after acquiring an additional 17,606 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Liberty Interactive Corporation by 8.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,668 shares of the company’s stock valued at $164,000 after acquiring an additional 297 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Shares of Liberty Interactive Corporation (NASDAQ:LVNTA) traded up 0.05% during midday trading on Monday, hitting $59.34. The company had a trading volume of 43,820 shares. Liberty Interactive Corporation has a 12-month low of $36.54 and a 12-month high of $62.41. The firm has a market capitalization of $5.08 billion, a P/E ratio of 6.21 and a beta of 0.99. The firm’s 50-day moving average is $58.97 and its 200-day moving average is $54.49.
Liberty Interactive Corporation (NASDAQ:LVNTA) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.22). The business had revenue of $6.00 million for the quarter, compared to analyst estimates of $2.00 million. Liberty Interactive Corporation had a return on equity of 6.65% and a net margin of 653.21%. On average, analysts predict that Liberty Interactive Corporation will post $5.10 earnings per share for the current fiscal year.
LVNTA has been the topic of several research analyst reports. BidaskClub cut Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Pivotal Research lifted their target price on Liberty Interactive Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. ValuEngine cut Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, FBR & Co reaffirmed 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. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Liberty Interactive Corporation currently has a consensus rating of “Buy” and a consensus price target of $65.67.
In related news, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of Liberty Interactive Corporation stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $24.08, for a total value of $56,226.80. Following the sale, the director now owns 955 shares of the company’s stock, valued at approximately $22,996.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark C. Vadon sold 201,424 shares of Liberty Interactive Corporation stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $23.56, for a total value of $4,745,549.44. Following the completion of the sale, the director now directly owns 630,300 shares in the company, valued at approximately $14,849,868. The disclosure for this sale can be found here. In the last three months, insiders sold 477,488 shares of company stock worth $11,204,298.
Liberty Interactive Corporation 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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