Blue Sky Asset Management LLC Takes Position in Liberty Interactive Corporation (LVNTA)

Blue Sky Asset Management LLC acquired a new position in shares of Liberty Interactive Corporation (NASDAQ:LVNTA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,540 shares of the company’s stock, valued at approximately $1,126,000.

A number of other large investors have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of Liberty Interactive Corporation during the first quarter worth about $142,000. US Bancorp DE boosted its stake in shares of Liberty Interactive Corporation by 15.4% in the first quarter. US Bancorp DE now owns 3,462 shares of the company’s stock worth $154,000 after buying an additional 462 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Liberty Interactive Corporation by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,668 shares of the company’s stock worth $164,000 after buying an additional 297 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Liberty Interactive Corporation during the first quarter worth about $212,000. Finally, SOL Capital Management CO purchased a new stake in shares of Liberty Interactive Corporation during the second quarter worth about $215,000. Institutional investors and hedge funds own 89.36% of the company’s stock.

Shares of Liberty Interactive Corporation (LVNTA) traded down 0.28% during midday trading on Friday, hitting $59.70. The stock had a trading volume of 271,576 shares. Liberty Interactive Corporation has a 12 month low of $36.54 and a 12 month high of $62.41. The stock’s 50 day moving average price is $56.81 and its 200 day moving average price is $50.84. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 6.25 and a beta of 1.02.

Liberty Interactive Corporation (NASDAQ:LVNTA) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.22. Liberty Interactive Corporation had a return on equity of 6.65% and a net margin of 653.21%. The firm had revenue of $6 million during the quarter, compared to the consensus estimate of $2 million. On average, equities analysts forecast that Liberty Interactive Corporation will post $5.10 EPS for the current fiscal year.

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A number of equities research analysts recently issued reports on the company. ValuEngine cut Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Pivotal Research restated a “buy” rating and issued a $68.00 price objective (up from $66.00) on shares of Liberty Interactive Corporation in a research note on Tuesday. BidaskClub cut Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, FBR & Co reiterated a “buy” rating and set a $78.00 price target (up from $60.00) on shares of Liberty Interactive Corporation in a research report on Monday, August 14th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $60.25.

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).

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

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