November 23, 2016 - By Peter Erickson
Two days ago, the director of Liberty Interactive Corp, Mr. Mark Vadon, sold a significant amount company shares – 410,000, amounting to $8,656,131 US Dollars, based on a market price of $21.1 for each share. He also sold 1,102,873 shares that are worth about $23,251,136 USD in the last 30 days. The source filing was made public on 22/11/2016 with the D.C. based-SEC and is now free at your disposal for review here. Due to the size of the sell there is little chance that it will stay a secret. Mark Vadon today holds 6.18 million shares or 1.29% of Liberty Interactive Corp’s market cap.
Out of 10 analysts covering Liberty Interactive (NASDAQ:QVCA), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $38 is the highest target while $25 is the lowest. The $33 average target is 53.06% above today’s ($21.56) stock price. Liberty Interactive has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Pacific Crest initiated the shares of QVCA in a report on Tuesday, December 8 with “Overweight” rating. The firm has “Neutral” rating by Bank of America given on Tuesday, September 20. The firm has “Outperform” rating given on Tuesday, September 22 by Wolfe Research. The firm has “Buy” rating by Axiom Capital given on Wednesday, May 11. On Thursday, October 6 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by Axiom Capital with “Buy” on Thursday, August 6. FBR Capital maintained it with “Outperform” rating and $25 target price in Friday, August 12 report. As per Thursday, August 6, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Friday, November 13 by Axiom Capital. The company was initiated on Thursday, June 9 by Maxim Group.
Insitutional Activity: The institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.04, from 0.92 in 2016Q1. The ratio improved, as 31 funds sold all Liberty Interactive Group shares owned while 142 reduced positions. 35 funds bought stakes while 125 increased positions. They now own 388.47 million shares or 0.05% more from 388.27 million shares in 2016Q1.
Architects last reported 3,364 shares in the company. The New York-based Brenner West Cap Advisors Limited Liability Corp has invested 5.25% in Liberty Interactive Group (NASDAQ:QVCA). Blackrock Fund Advisors accumulated 0.02% or 4.14M shares. Moreover, Morgan Stanley has 0.01% invested in Liberty Interactive Group (NASDAQ:QVCA) for 1.29M shares. Whittier Tru Of Nevada has 0% invested in the company for 1,200 shares. Paloma Management last reported 92,984 shares in the company. The New Jersey-based Seabridge Advsrs Limited Liability has invested 0.53% in Liberty Interactive Group (NASDAQ:QVCA). Cubist Systematic Strategies Ltd has invested 0.19% of its portfolio in Liberty Interactive Group (NASDAQ:QVCA). Tokio Marine Asset Mgmt holds 14,608 shares or 0.04% of its portfolio. Washington Bancshares holds 0% of its portfolio in Liberty Interactive Group (NASDAQ:QVCA) for 124 shares. Royal Bank & Trust Of Canada accumulated 108,132 shares or 0% of the stock. Hutchinson Capital Mgmt Ca last reported 2.79% of its portfolio in the stock. Moreover, Landscape Capital Management Ltd Liability Company has 0.23% invested in Liberty Interactive Group (NASDAQ:QVCA) for 68,688 shares. The New York-based Horizon Kinetics Ltd Liability Corporation has invested 1.3% in Liberty Interactive Group (NASDAQ:QVCA). Brahman Capital Corp last reported 8.94% of its portfolio in the stock.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 5 sales for $31.43 million net activity. $10.70 million worth of shares were sold by VADON MARK C on Monday, November 14. 150,000 shares were sold by GEORGE MICHAEL A, worth $4.05M. $186,128 worth of Liberty Interactive Group (NASDAQ:QVCA) was sold by SHEAN CHRISTOPHER W on Thursday, September 22.
The stock increased 2.33% or $0.49 during the last trading session, hitting $21.56. About 2.15 million shares traded hands. Liberty Interactive Group (NASDAQ:QVCA) has declined 19.37% since April 21, 2016 and is downtrending. It has underperformed by 24.70% the S&P500.
Liberty Interactive Corporation owns interests in subsidiaries and other companies that are engaged in the video and digital commerce industries. The company has a market cap of $14.19 billion. The Company’s divisions include QVC and zulily. It has a 20.79 P/E ratio. The Firm holds interests in QVC Group and the Liberty Ventures Group.
According to Zacks Investment Research, “Liberty Interactive Corporation, through its subsidiaries, owns interests in video and on-line commerce industries in North America, Europe and Asia. The Company owns interests in home shopping television networks and lifestyle and travel services Internet websites. It markets and sells various consumer products primarily through live televised shopping programs, and Websites and other interactive media, including QVC.com. The Company also operates Websites offering sports gear and clothing for outdoor and active individuals in various categories; sports nutrition, body building, and fitness products; costumes, accessories, dÃ©cor, party supplies, and invitations; and perishable goods, including flowers, fruits, and desserts, as well as personalized gifts. Liberty Interactive Corporation is headquartered in Englewood, Colorado.”
More news for Liberty Interactive Group (NASDAQ:QVCA) were recently published by: Fool.com, which released: “Near a 3-Year Low, Is Liberty Interactive Group a Buy?” on August 11, 2016. Businesswire.com‘s article titled: “Liberty Interactive Corporation Reports Second Quarter 2016 Financial Results” and published on August 05, 2016 is yet another important article.
Liberty Interactive Corporation, incorporated on February 28, 2006, owns interests in subsidiaries and other companies that are engaged in the video and digital commerce industries. The Company’s divisions include QVC and zulily. The Firm 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). The Liberty Ventures Group consists of the Company’s subsidiary, Evite, as well as interests in Liberty Broadband Corporation (Liberty Broadband) and FTD Companies, Inc. (FTD), minority interests in Interval Leisure Group, Time Warner Inc., Charter Communications and LendingTree, and various green energy investments.
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