Zacks Investment Research lowered shares of Liberty Interactive Corporation (NASDAQ:QVCA) from a strong-buy rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “Liberty Interactive’s QVC division is benefiting from the surge in online sales. The major thrust is expected to come from the growing adoption of high-end smartphones in the U.S. QVC is gradually expanding its presence in developed international markets such as Japan, Germany, Italy, and the U.K., which will enable QVC to achieve a high rate of growth. Liberty Interactive is also highly optimistic about its operations in China. Moreover, international markets provide over 25% of QVC’s yearly revenues. However, persistent global economic crisis, rapid technological changes, foreign exchange risks and intensifying competition remain potent headwinds. Further, over the past three months, the Zacks categorized U.S. ‘Retail – Mail Order & Direct’ industry’s loss is worse than Liberty Interactive's loss.”
Several other analysts also recently issued reports on QVCA. KeyCorp set a $29.00 price target on Liberty Interactive Corporation and gave the company a buy rating in a research note on Tuesday, November 8th. Bank of America Corp upgraded Liberty Interactive Corporation from a neutral rating to a buy rating and set a $25.00 price objective for the company in a report on Thursday, November 17th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Liberty Interactive Corporation has a consensus rating of Buy and a consensus price target of $29.38.
Liberty Interactive Corporation (NASDAQ:QVCA) traded down 0.16% during trading on Tuesday, reaching $19.12. The company’s stock had a trading volume of 483,795 shares. Liberty Interactive Corporation has a 52-week low of $17.88 and a 52-week high of $27.25. The firm’s 50-day moving average is $19.83 and its 200-day moving average is $20.93. The stock has a market cap of $8.93 billion, a P/E ratio of 18.38 and a beta of 1.35.
In related news, Director Mark C. Vadon sold 616,810 shares of Liberty Interactive Corporation stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $20.50, for a total transaction of $12,644,605.00. Following the completion of the transaction, the director now owns 2,555,300 shares in the company, valued at $52,383,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark C. Vadon sold 72,600 shares of Liberty Interactive Corporation stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $21.38, for a total value of $1,552,188.00. Following the transaction, the director now owns 3,030,300 shares of the company’s stock, valued at approximately $64,787,814. The disclosure for this sale can be found here. Insiders have sold 2,202,283 shares of company stock valued at $46,105,839 in the last quarter. 10.78% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Ropes Wealth Advisors LLC boosted its stake in shares of Liberty Interactive Corporation by 17.9% in the third quarter. Ropes Wealth Advisors LLC now owns 5,260 shares of the company’s stock worth $105,000 after buying an additional 798 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Liberty Interactive Corporation during the third quarter worth about $126,000. Tower Research Capital LLC TRC boosted its stake in shares of Liberty Interactive Corporation by 4,511.4% in the second quarter. Tower Research Capital LLC TRC now owns 7,286 shares of the company’s stock worth $185,000 after buying an additional 7,128 shares in the last quarter. TradeLink Capital LLC purchased a new stake in shares of Liberty Interactive Corporation during the second quarter worth about $201,000. Finally, Dai Ichi Life Holdings Inc. boosted its stake in shares of Liberty Interactive Corporation by 21.4% in the third quarter. Dai Ichi Life Holdings Inc. now owns 10,091 shares of the company’s stock worth $202,000 after buying an additional 1,776 shares in the last quarter. Institutional investors own 88.79% of the company’s stock.
Liberty Interactive Corporation Company Profile
Liberty Interactive Corporation owns interests in subsidiaries and other companies that are engaged in the video and digital commerce industries. The Company’s segments include QVC and zulily. The Company holds interests in QVC Group and the Liberty Ventures Group. The QVC Group consists of the Company’s subsidiaries, including QVC, Inc (QVC) and zulily, llc (zulily), and its interest in HSN, Inc (HSN).
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