FTB Advisors Inc. boosted its position in Liberty Interactive Group (NASDAQ:QVCA) by 20.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,851 shares of the company’s stock after buying an additional 1,515 shares during the period. FTB Advisors Inc.’s holdings in Liberty Interactive Group were worth $223,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in shares of Liberty Interactive Group during the first quarter worth $215,000. Hartford Investment Management Co. raised its stake in Liberty Interactive Group by 2.0% in the second quarter. Hartford Investment Management Co. now owns 8,550 shares of the company’s stock worth $217,000 after buying an additional 165 shares during the period. Independent Portfolio Consultants Inc. raised its stake in Liberty Interactive Group by 10.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 10,420 shares of the company’s stock worth $264,000 after buying an additional 1,005 shares during the period. Oakbrook Investments LLC raised its stake in Liberty Interactive Group by 28.2% in the second quarter. Oakbrook Investments LLC now owns 12,493 shares of the company’s stock worth $317,000 after buying an additional 2,750 shares during the period. Finally, Creative Planning raised its stake in Liberty Interactive Group by 11.0% in the second quarter. Creative Planning now owns 12,585 shares of the company’s stock worth $319,000 after buying an additional 1,250 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.
Liberty Interactive Group (NASDAQ:QVCA) traded up 0.452% on Monday, reaching $18.895. The company had a trading volume of 1,457,038 shares. Liberty Interactive Group has a one year low of $18.42 and a one year high of $28.71. The company’s 50 day moving average is $19.80 and its 200-day moving average is $23.97. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 15.526 and a beta of 1.26.
Liberty Interactive Group (NASDAQ:QVCA) last posted its earnings results on Friday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Liberty Interactive Group had a return on equity of 11.64% and a net margin of 5.93%. On average, equities research analysts expect that Liberty Interactive Group will post $1.01 earnings per share for the current fiscal year.
A number of equities research analysts have commented on QVCA shares. Bank of America Corp. started coverage on Liberty Interactive Group in a research report on Tuesday, September 20th. They issued a “neutral” rating on the stock. Zacks Investment Research lowered Liberty Interactive Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 6th. FBN Securities upgraded Liberty Interactive Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 10th. Wunderlich reduced their price target on Liberty Interactive Group from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Finally, Axiom Securities reduced their price target on Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Liberty Interactive Group currently has an average rating of “Buy” and an average price target of $31.29.
In other news, Director David E. Rapley sold 6,019 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $21.09, for a total value of $126,940.71. Following the sale, the director now directly owns 16,046 shares of the company’s stock, valued at approximately $338,410.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Christopher W. Shean sold 4,800 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $38.78, for a total value of $186,144.00. Following the completion of the sale, the chief financial officer now directly owns 91,003 shares in the company, valued at $3,529,096.34. The disclosure for this sale can be found here. 10.78% of the stock is owned by corporate insiders.
Liberty Interactive Group Company 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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