Mark C. Vadon Sells 125,000 Shares of Liberty Interactive Corporation (LVNTA) Stock
Liberty Interactive Corporation (NASDAQ:LVNTA) Director Mark C. Vadon sold 125,000 shares of Liberty Interactive Corporation stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $22.12, for a total value of $2,765,000.00. Following the transaction, the director now owns 597 shares in the company, valued at approximately $13,205.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Liberty Interactive Corporation (NASDAQ:LVNTA) opened at 57.98 on Friday. The firm’s 50 day moving average price is $58.70 and its 200 day moving average price is $55.12. Liberty Interactive Corporation has a 52-week low of $36.54 and a 52-week high of $62.41. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 6.07 and a beta of 0.99.
Liberty Interactive Corporation (NASDAQ:LVNTA) last posted its earnings results on Tuesday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ 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 $6.00 million during the quarter, compared to the consensus estimate of $2.00 million. Equities research analysts anticipate that Liberty Interactive Corporation will post $5.10 EPS for the current fiscal year.
Several equities analysts have recently weighed in on LVNTA shares. FBR & Co reiterated a “buy” rating and set a $78.00 price objective (up previously from $60.00) on shares of Liberty Interactive Corporation in a report on Monday, August 14th. Pivotal Research lifted their price objective on Liberty Interactive Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. BidaskClub upgraded Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, ValuEngine cut Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $65.67.
Several institutional investors and hedge funds have recently modified their holdings of LVNTA. BlackRock Inc. increased its position in shares of Liberty Interactive Corporation by 14,891.7% during the first quarter. BlackRock Inc. now owns 3,550,325 shares of the company’s stock valued at $157,917,000 after acquiring an additional 3,526,643 shares during the last quarter. State Street Corp purchased a new stake in shares of Liberty Interactive Corporation during the first quarter valued at approximately $53,753,000. FMR LLC increased its position in shares of Liberty Interactive Corporation by 673.6% during the second quarter. FMR LLC now owns 1,270,883 shares of the company’s stock valued at $66,455,000 after acquiring an additional 1,106,607 shares during the last quarter. Cat Rock Capital Management LP purchased a new stake in shares of Liberty Interactive Corporation during the second quarter valued at approximately $37,466,000. Finally, Marshall Wace North America L.P. increased its position in shares of Liberty Interactive Corporation by 4,946.7% during the second quarter. Marshall Wace North America L.P. now owns 690,243 shares of the company’s stock valued at $35,893,000 after acquiring an additional 676,566 shares during the last quarter. 91.43% of the stock is owned by institutional investors.
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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