Liberty Interactive Group (NASDAQ:QVCA) had its price target increased by Maxim Group from $36.00 to $39.00 in a report issued on Wednesday, May 10th. Maxim Group currently has a buy rating on the stock.
Several other equities research analysts have also commented on the company. FBR & Co restated an outperform rating and issued a $24.00 price objective (up previously from $22.00) on shares of Liberty Interactive Group in a research report on Friday, April 21st. Aegis assumed coverage on Liberty Interactive Group in a research report on Tuesday, March 28th. They issued a buy rating and a $27.00 price objective on the stock. Finally, Zacks Investment Research lowered Liberty Interactive Group from a strong-buy rating to a hold rating in a research report on Tuesday, January 24th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $28.67.
Liberty Interactive Group (NASDAQ:QVCA) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Liberty Interactive Group had a return on equity of 10.93% and a net margin of 4.85%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion.
In other Liberty Interactive Group news, insider Richard N. Baer sold 37,854 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $43.92, for a total value of $1,662,547.68. Following the completion of the sale, the insider now directly owns 22,804 shares of the company’s stock, valued at approximately $1,001,551.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.78% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of QVCA. Global X Management Co. LLC increased its stake in shares of Liberty Interactive Group by 32.2% in the first quarter. Global X Management Co. LLC now owns 5,969 shares of the company’s stock worth $119,000 after buying an additional 1,454 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Liberty Interactive Group during the third quarter worth about $126,000. Financial Architects Inc increased its stake in shares of Liberty Interactive Group by 121.9% in the first quarter. Financial Architects Inc now owns 7,107 shares of the company’s stock worth $143,000 after buying an additional 3,904 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Liberty Interactive Group during the first quarter worth about $158,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Liberty Interactive Group by 30.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,839 shares of the company’s stock worth $196,000 after buying an additional 2,287 shares during the last quarter. 89.62% of the stock is owned by institutional investors and hedge funds.
Liberty Interactive Group 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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