Liberty Interactive Corporation (NASDAQ:QVCA) Trading Down 9.7% After Earnings Miss

Liberty Interactive Corporation (NASDAQ:QVCA) shares were down 9.7% during trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $21.12 and last traded at $21.89, with a volume of 8,914,153 shares changing hands. The stock had previously closed at $24.23.

The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Liberty Interactive Corporation had a net margin of 4.59% and a return on equity of 9.98%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion.

A number of analysts have recently weighed in on QVCA shares. Zacks Investment Research downgraded shares of Liberty Interactive Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. FBR & Co reissued an “outperform” rating and set a $24.00 price target (up previously from $22.00) on shares of Liberty Interactive Corporation in a research report on Friday, April 21st. Aegis raised their price target on shares of Liberty Interactive Corporation from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 7th. Maxim Group raised their price target on shares of Liberty Interactive Corporation from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Finally, BidaskClub raised shares of Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Liberty Interactive Corporation currently has an average rating of “Buy” and an average target price of $28.89.

Institutional investors have recently added to or reduced their stakes in the company. Reliance Trust Co. of Delaware increased its position in 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 in the last quarter. TFS Capital LLC acquired a new position in Liberty Interactive Corporation during the first quarter worth approximately $473,000. DnB Asset Management AS increased its position in Liberty Interactive Corporation by 17.7% in the first quarter. DnB Asset Management AS now owns 45,287 shares of the company’s stock worth $907,000 after buying an additional 6,800 shares in the last quarter. Strs Ohio increased its position in Liberty Interactive Corporation by 0.6% in the first quarter. Strs Ohio now owns 535,280 shares of the company’s stock worth $10,716,000 after buying an additional 3,431 shares in the last quarter. Finally, World Asset Management Inc increased its position in Liberty Interactive Corporation by 11.1% in the first quarter. World Asset Management Inc now owns 21,300 shares of the company’s stock worth $426,000 after buying an additional 2,136 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

The firm has a market capitalization of $9.87 billion, a PE ratio of 22.02 and a beta of 1.21. The company has a 50-day moving average price of $24.07 and a 200-day moving average price of $21.68.

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Liberty Interactive Corporation Company Profile

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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