Liberty Interactive Corporation (NASDAQ:QVCA) shares traded down 9.7% during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $21.12 and last traded at $21.89, with a volume of 8,914,153 shares trading hands. The stock had previously closed at $24.23.
The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.17. Liberty Interactive Corporation had a net margin of 4.59% and a return on equity of 9.98%.
Several equities analysts recently commented on the stock. ValuEngine upgraded shares of Liberty Interactive Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded shares of Liberty Interactive Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Craig Hallum set a $28.00 price objective on shares of Liberty Interactive Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. BidaskClub downgraded shares of Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Aegis increased their price objective on shares of Liberty Interactive Corporation from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.27.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new position in Liberty Interactive Corporation during the second quarter worth approximately $100,000. Meeder Asset Management Inc. boosted its position in Liberty Interactive Corporation by 115.9% in the second quarter. Meeder Asset Management Inc. now owns 4,205 shares of the company’s stock worth $103,000 after buying an additional 2,257 shares during the period. Global X Management Co. LLC boosted its position in Liberty Interactive Corporation 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 period. Financial Architects Inc boosted its position in Liberty Interactive Corporation 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 period. Finally, Ameritas Investment Partners Inc. bought a new position in Liberty Interactive Corporation during the first quarter worth approximately $158,000. 90.02% of the stock is owned by hedge funds and other institutional investors.
The company has a 50-day moving average price of $24.07 and a 200-day moving average price of $21.68. The company has a market capitalization of $9.87 billion, a PE ratio of 22.02 and a beta of 1.21.
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About Liberty Interactive Corporation
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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