Liberty Interactive (NASDAQ:QVCA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday, January 9th.
According to Zacks, “Liberty Interactive’s QVC division continues to benefit from the surge in online sales. The major thrust is expected to come from the growing adoption of high-end smartphones in the U.S. Buyout of HSN Inc. will place its QVC unit as the third-largest online site, after Amazon.com and Wal-Mart Stores' e-commerce business. QVC is gradually expanding its presence in developed international markets such as Japan, Germany, Italy, and the U.K., which will enable QVC to achieve a high rate of growth. Liberty Interactive is also highly optimistic about its operations in China. Over the past three months, the stock price inched up 16.9% as against the industry's 9.8% gain. However, Liberty Interactive’s businesses remian susceptible to rapid technological changes. Persistent global economic crisis, foreign currency exchange rate risks and intense competition are other headwinds.”
Several other equities analysts have also recently commented on QVCA. DA Davidson started coverage on shares of Liberty Interactive in a research report on Wednesday, September 13th. They set a “buy” rating and a $33.00 price target on the stock. Citigroup lowered shares of 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. ValuEngine upgraded shares of Liberty Interactive from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley reiterated a “buy” rating on shares of Liberty Interactive in a research note on Thursday, November 2nd. Finally, UBS Group raised their price target on shares of Liberty Interactive from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $30.00.
Liberty Interactive (NASDAQ:QVCA) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. Liberty Interactive had a net margin of 5.01% and a return on equity of 11.03%. equities research analysts predict that Liberty Interactive will post 1.82 earnings per share for the current year.
In related news, Director Malcolm Ian Grant Gilchrist sold 3,765 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $26.38, for a total value of $99,320.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David E. Rapley sold 4,300 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $23.52, for a total transaction of $101,136.00. The disclosure for this sale can be found here. Company insiders own 10.68% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in QVCA. Dodge & Cox lifted its position in Liberty Interactive by 19.0% in the 2nd quarter. Dodge & Cox now owns 28,349,750 shares of the company’s stock worth $695,703,000 after buying an additional 4,527,707 shares in the last quarter. Numeric Investors LLC bought a new position in shares of Liberty Interactive during the 2nd quarter valued at $67,939,000. Jennison Associates LLC bought a new position in shares of Liberty Interactive during the 3rd quarter valued at $27,494,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of Liberty Interactive by 201.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,408,445 shares of the company’s stock valued at $33,197,000 after purchasing an additional 940,805 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Liberty Interactive by 43.0% during the 3rd 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 in the last quarter. Institutional investors own 86.64% 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).
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