Zacks Investment Research cut shares of Liberty Interactive Corporation (NASDAQ:QVCA) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Over the past three months, Liberty Interactive's share price inched up 7.32% failing to beat the Zacks Retail - Mail Order & Direct industry’s 10.02% gain. Liberty Interactive’s businesses remain susceptible to rapid technological changes. Persistent global economic crisis, foreign currency exchange rate risks and intense competition are other headwinds. Notably, the home shopping and internet retailing market place are getting more competitive day by day. On the flip side, the company’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. QVC is expanding its presence in developed international markets which will enable QVC to achieve a high rate of growth. Liberty Interactive is also highly optimistic about its operations in China. Recently, the company agreed to acquire rival HSN Inc. for $2.1 billion.”
QVCA has been the topic of a number of other research reports. FBR & Co reissued an outperform rating and set a $24.00 price target (up previously from $22.00) on shares of Liberty Interactive Corporation in a research report on Friday, April 21st. Aegis started coverage on Liberty Interactive Corporation in a research report on Tuesday, March 28th. They set a buy rating and a $27.00 price objective on the stock. Maxim Group reaffirmed a buy rating and set a $36.00 price objective on shares of Liberty Interactive Corporation in a research report on Tuesday, April 4th. ValuEngine downgraded Liberty Interactive Corporation from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Craig Hallum set a $28.00 price objective on Liberty Interactive Corporation and gave the company a buy rating in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $29.27.
Shares of Liberty Interactive Corporation (NASDAQ QVCA) traded down 1.44% during mid-day trading on Tuesday, hitting $23.91. 1,241,532 shares of the stock were exchanged. The firm has a market cap of $10.78 billion, a P/E ratio of 24.05 and a beta of 1.22. Liberty Interactive Corporation has a 12 month low of $17.24 and a 12 month high of $27.06. The stock’s 50 day moving average is $24.06 and its 200 day moving average is $21.35.
Liberty Interactive Corporation (NASDAQ:QVCA) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Liberty Interactive Corporation had a return on equity of 9.98% and a net margin of 4.59%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Analysts expect that Liberty Interactive Corporation will post $1.09 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. increased its stake in shares of 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 last quarter. Global X Management Co. LLC boosted its stake 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 stake 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. Ameritas Investment Partners Inc. acquired a new stake in Liberty Interactive Corporation during the first quarter worth approximately $158,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Liberty Interactive Corporation 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 period. 89.45% of the stock is currently owned by institutional investors.
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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