Liberty Interactive Corporation (NASDAQ:QVCA) Shares Sold by First Mercantile Trust Co.

First Mercantile Trust Co. reduced its position in shares of Liberty Interactive Corporation (NASDAQ:QVCA) by 26.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,756 shares of the company’s stock after selling 37,309 shares during the period. First Mercantile Trust Co.’s holdings in Liberty Interactive Corporation were worth $2,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Regentatlantic Capital LLC bought a new position in shares of Liberty Interactive Corporation during the first quarter worth about $1,244,000. Capstone Asset Management Co. boosted its position in shares of Liberty Interactive Corporation by 7.8% in the first quarter. Capstone Asset Management Co. now owns 11,288 shares of the company’s stock worth $226,000 after buying an additional 820 shares during the last quarter. Private Bank & Trust Co. boosted its position in shares of Liberty Interactive Corporation by 0.6% in the first quarter. Private Bank & Trust Co. now owns 27,726 shares of the company’s stock worth $556,000 after buying an additional 178 shares during the last quarter. Reliance Trust Co. of Delaware boosted its position in shares of Liberty Interactive Corporation by 24.4% in the first quarter. Reliance Trust Co. of Delaware now owns 38,000 shares of the company’s stock worth $760,000 after buying an additional 7,454 shares during the last quarter. Finally, Telemus Capital LLC boosted its position in shares of Liberty Interactive Corporation by 74.3% in the first quarter. Telemus Capital LLC now owns 35,436 shares of the company’s stock worth $709,000 after buying an additional 15,105 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Shares of Liberty Interactive Corporation (QVCA) opened at 22.38 on Friday. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 23.39 and a beta of 1.21. Liberty Interactive Corporation has a 12-month low of $17.24 and a 12-month high of $26.00. The firm has a 50 day moving average price of $23.92 and a 200-day moving average price of $21.79.

Liberty Interactive Corporation (NASDAQ:QVCA) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. Liberty Interactive Corporation had a return on equity of 10.65% and a net margin of 4.47%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. On average, equities analysts expect that Liberty Interactive Corporation will post $1.07 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on QVCA shares. BidaskClub cut Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Liberty Interactive Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Citigroup Inc. reiterated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Liberty Interactive Corporation in a research note on Sunday, May 14th. FBR & Co reiterated an “outperform” rating and set a $24.00 price objective (up previously from $22.00) on shares of Liberty Interactive Corporation in a research note on Friday, April 21st. Finally, Maxim Group lowered their price objective on Liberty Interactive Corporation from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, July 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.89.

About Liberty Interactive Corporation

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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Institutional Ownership by Quarter for Liberty Interactive Corporation (NASDAQ:QVCA)

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