Liberty Interactive (QVCA) Given New $28.00 Price Target at UBS

Liberty Interactive (NASDAQ:QVCA) had its price objective hoisted by UBS from $27.00 to $28.00 in a research report report published on Friday, November 10th, www.benzinga.com reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. B. Riley reaffirmed a buy rating on shares of Liberty Interactive in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Liberty Interactive from a sell rating to a buy rating and set a $25.00 target price for the company in a research report on Tuesday, October 10th. ValuEngine raised shares of Liberty Interactive from a hold rating to a buy rating in a research report on Monday, October 2nd. Citigroup downgraded shares of Liberty Interactive from a neutral rating to a sell rating and dropped their target price for the stock from $27.00 to $22.00 in a research report on Thursday, September 28th. Finally, DA Davidson assumed coverage on shares of Liberty Interactive in a research report on Wednesday, September 13th. They issued a buy rating and a $33.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $29.50.

Liberty Interactive (NASDAQ QVCA) traded up $0.13 during trading hours on Friday, hitting $24.47. 2,539,600 shares of the company traded hands, compared to its average volume of 3,184,995. Liberty Interactive has a 1-year low of $17.24 and a 1-year high of $26.00. The firm has a market cap of $15,560.00, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.18 and a quick ratio of 0.73.

In other news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $24.08, for a total transaction of $56,226.80. Following the completion of the sale, the director now directly owns 955 shares of the company’s stock, valued at $22,996.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,286,785 shares of company stock valued at $29,532,584 over the last three months. 10.68% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QVCA. Shine Investment Advisory Services Inc. bought a new stake in shares of Liberty Interactive in the 2nd quarter worth approximately $100,000. Meeder Asset Management Inc. raised its holdings in shares of Liberty Interactive by 115.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,205 shares of the company’s stock worth $103,000 after purchasing an additional 2,257 shares in the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of Liberty Interactive in the 3rd quarter worth approximately $120,000. Toronto Dominion Bank raised its holdings in shares of Liberty Interactive by 18.2% in the 2nd quarter. Toronto Dominion Bank now owns 5,378 shares of the company’s stock worth $132,000 after purchasing an additional 829 shares in the last quarter. Finally, Fiduciary Trust Co. bought a new stake in shares of Liberty Interactive in the 2nd quarter worth approximately $144,000. Institutional investors and hedge funds own 97.08% of the company’s stock.

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Liberty Interactive 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).

Analyst Recommendations for Liberty Interactive (NASDAQ:QVCA)

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