Schwab Charles Investment Management Inc. raised its stake in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,894 shares of the company’s stock after buying an additional 15,134 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.27% of Liberty Interactive Corporation worth $10,093,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. New York State Teachers Retirement System purchased a new position in shares of Liberty Interactive Corporation during the fourth quarter worth $114,000. Norges Bank purchased a new position in shares of Liberty Interactive Corporation during the fourth quarter worth $32,857,000. Hudson Bay Capital Management LP raised its position in shares of Liberty Interactive Corporation by 31.4% in the fourth quarter. Hudson Bay Capital Management LP now owns 109,552 shares of the company’s stock worth $4,039,000 after buying an additional 26,194 shares during the period. S&CO Inc. raised its position in shares of Liberty Interactive Corporation by 42.7% in the first quarter. S&CO Inc. now owns 180,047 shares of the company’s stock worth $8,008,000 after buying an additional 53,860 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Liberty Interactive Corporation by 11.3% in the first quarter. Bank of Montreal Can now owns 6,423 shares of the company’s stock worth $286,000 after buying an additional 652 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Liberty Interactive Corporation (NASDAQ:LVNTA) opened at 60.58 on Friday. The firm’s 50-day moving average price is $55.54 and its 200-day moving average price is $50.20. Liberty Interactive Corporation has a 1-year low of $36.54 and a 1-year high of $62.02. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 6.08 and a beta of 1.02.
Liberty Interactive Corporation (NASDAQ:LVNTA) last issued its earnings results on Tuesday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.22. Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. The business had revenue of $6 million for the quarter, compared to the consensus estimate of $2 million. Equities research analysts forecast that Liberty Interactive Corporation will post $4.49 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on LVNTA shares. Pivotal Research increased their target price on Liberty Interactive Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. BidaskClub lowered Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, ValuEngine lowered Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $55.25.
About Liberty Interactive Corporation
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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