Legal & General Group Plc Buys 62,193 Shares of Liberty Interactive Corporation (QVCA)
Legal & General Group Plc grew its stake in Liberty Interactive Corporation (NASDAQ:QVCA) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,141,190 shares of the company’s stock after buying an additional 62,193 shares during the period. Legal & General Group Plc owned 0.51% of Liberty Interactive worth $50,464,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of QVCA. Dodge & Cox grew its stake in Liberty Interactive by 19.0% during the second quarter. Dodge & Cox now owns 28,349,750 shares of the company’s stock worth $695,703,000 after purchasing an additional 4,527,707 shares during the period. Numeric Investors LLC acquired a new stake in Liberty Interactive during the second quarter worth approximately $67,939,000. P Schoenfeld Asset Management LP acquired a new stake in Liberty Interactive during the second quarter worth approximately $37,404,000. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Liberty Interactive during the second quarter worth approximately $32,002,000. Finally, Jennison Associates LLC acquired a new stake in Liberty Interactive during the third quarter worth approximately $27,494,000. 97.07% of the stock is owned by institutional investors.
In other news, Director Mark C. Vadon sold 475,153 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.46, for a total value of $11,147,089.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $24.08, for a total value of $56,226.80. Following the completion of the transaction, the director now owns 955 shares in the company, valued at approximately $22,996.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,286,785 shares of company stock worth $29,532,584. Corporate insiders own 10.68% of the company’s stock.
QVCA has been the subject of several recent analyst reports. Citigroup decreased their target price on Liberty Interactive from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, August 14th. ValuEngine cut Liberty Interactive from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. DA Davidson initiated coverage on Liberty Interactive in a research note on Wednesday, September 13th. They set a “buy” rating and a $33.00 target price for the company. Zacks Investment Research cut Liberty Interactive from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, B. Riley reaffirmed a “buy” rating on shares of Liberty Interactive in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. Liberty Interactive has a consensus rating of “Buy” and a consensus target price of $29.50.
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Liberty Interactive 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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