Liberty Interactive Corporation (NASDAQ:QVCA) – DA Davidson dropped their FY2018 earnings per share (EPS) estimates for Liberty Interactive in a note issued to investors on Tuesday. DA Davidson analyst T. Forte now forecasts that the company will post earnings of $1.47 per share for the year, down from their prior forecast of $1.56. DA Davidson has a “Buy” rating and a $37.00 price objective on the stock. DA Davidson also issued estimates for Liberty Interactive’s FY2019 earnings at $1.38 EPS, FY2020 earnings at $1.43 EPS and FY2021 earnings at $1.56 EPS.
Several other research firms have also issued reports on QVCA. BidaskClub raised Liberty Interactive from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. FBN Securities raised Liberty Interactive from a “sector perform” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research lowered Liberty Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday. Aegis upped their price objective on Liberty Interactive from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Finally, Citigroup lowered Liberty Interactive from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $27.00 to $22.00 in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Liberty Interactive presently has a consensus rating of “Buy” and a consensus target price of $30.00.
Hedge funds have recently modified their holdings of the business. Advisor Group Inc. raised its position in Liberty Interactive by 24.8% during the second quarter. Advisor Group Inc. now owns 13,575 shares of the company’s stock valued at $332,000 after purchasing an additional 2,694 shares during the period. Prudential Financial Inc. raised its position in Liberty Interactive by 43.0% during the third quarter. Prudential Financial Inc. now owns 3,076,473 shares of the company’s stock valued at $72,512,000 after purchasing an additional 924,640 shares during the period. Janus Henderson Group PLC raised its position in Liberty Interactive by 36.8% during the second quarter. Janus Henderson Group PLC now owns 62,199 shares of the company’s stock valued at $1,526,000 after purchasing an additional 16,735 shares during the period. Stifel Financial Corp raised its position in Liberty Interactive by 19.8% during the second quarter. Stifel Financial Corp now owns 156,014 shares of the company’s stock valued at $3,823,000 after purchasing an additional 25,805 shares during the period. Finally, Green Square Capital LLC purchased a new stake in shares of Liberty Interactive in the second quarter worth approximately $413,000. Institutional investors and hedge funds own 97.02% of the company’s stock.
In other Liberty Interactive news, Director Malcolm Ian Grant Gilchrist sold 3,765 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $26.38, for a total transaction of $99,320.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David E. Rapley sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $23.52, for a total value of $101,136.00. The disclosure for this sale can be found here. Insiders sold 813,062 shares of company stock worth $18,428,588 over the last quarter. 10.68% of the stock is owned by company insiders.
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About Liberty Interactive
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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