Schwab Charles Investment Management Inc. increased its stake in Liberty Interactive Corporation (NASDAQ:LVNTA) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 0.27% of Liberty Interactive Corporation worth $10,093,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Liberty Interactive Corporation during the fourth quarter valued at about $32,857,000. SeaBridge Investment Advisors LLC raised its position in Liberty Interactive Corporation by 34.1% in the first quarter. SeaBridge Investment Advisors LLC now owns 21,622 shares of the company’s stock valued at $962,000 after buying an additional 5,495 shares in the last quarter. BlackRock Inc. raised its position in Liberty Interactive Corporation by 14,891.7% in the first quarter. BlackRock Inc. now owns 3,550,325 shares of the company’s stock valued at $157,917,000 after buying an additional 3,526,643 shares in the last quarter. United Services Automobile Association raised its position in Liberty Interactive Corporation by 2.6% in the first quarter. United Services Automobile Association now owns 15,669 shares of the company’s stock valued at $697,000 after buying an additional 404 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in Liberty Interactive Corporation by 0.4% in the first quarter. Gabelli Funds LLC now owns 211,681 shares of the company’s stock valued at $9,416,000 after buying an additional 900 shares in the last quarter. 89.36% of the stock is owned by hedge funds and other institutional investors.
Liberty Interactive Corporation (NASDAQ LVNTA) traded down 0.28% during midday trading on Friday, reaching $59.70. The company had a trading volume of 271,576 shares. Liberty Interactive Corporation has a 1-year low of $36.54 and a 1-year high of $62.41. The firm has a 50-day moving average of $56.81 and a 200 day moving average of $50.84. The company has a market capitalization of $5.11 billion, a P/E ratio of 6.25 and a beta of 1.02.
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LVNTA has been the subject of several recent analyst reports. Pivotal Research lifted their price target on Liberty Interactive Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 4th. ValuEngine downgraded Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, FBR & Co reiterated a “buy” rating and issued a $78.00 price objective (up from $60.00) on shares of Liberty Interactive Corporation in a report on Monday, August 14th. Three equities 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 stock. The stock has an average rating of “Buy” and a consensus 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).
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