Liberty Interactive Corporation (NASDAQ:QVCA) saw a significant increase in short interest in the month of July. As of July 14th, there was short interest totalling 15,385,554 shares, an increase of 70.0% from the June 30th total of 9,050,928 shares. Based on an average daily volume of 5,218,650 shares, the short-interest ratio is presently 2.9 days. Approximately 3.7% of the shares of the company are sold short.
Liberty Interactive Corporation (NASDAQ QVCA) opened at 21.165 on Friday. The company has a market capitalization of $9.55 billion, a P/E ratio of 21.978 and a beta of 1.21. Liberty Interactive Corporation has a 52-week low of $17.24 and a 52-week high of $26.00. The firm has a 50-day moving average of $23.49 and a 200 day moving average of $21.91.
A number of brokerages recently weighed in on QVCA. Citigroup Inc. lowered their price objective on shares of Liberty Interactive Corporation from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, August 14th. ValuEngine upgraded shares of Liberty Interactive Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. FBR & Co increased their price objective on shares of Liberty Interactive Corporation from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, July 7th. BidaskClub upgraded shares of Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Finally, Maxim Group increased their price objective on shares of Liberty Interactive Corporation from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Liberty Interactive Corporation has an average rating of “Buy” and a consensus target price of $28.78.
In related news, Director Mark C. Vadon sold 481,558 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $22.00, for a total transaction of $10,594,276.00. Following the transaction, the director now owns 2,030,300 shares in the company, valued at $44,666,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.68% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in QVCA. Comerica Bank acquired a new stake in shares of Liberty Interactive Corporation during the fourth quarter valued at approximately $430,000. Reliance Trust Co. of Delaware boosted its stake in shares of Liberty Interactive Corporation by 24.4% in the first quarter. Reliance Trust Co. of Delaware now owns 38,000 shares of the company’s stock valued at $760,000 after buying an additional 7,454 shares during the last quarter. TFS Capital LLC acquired a new stake in shares of Liberty Interactive Corporation during the first quarter valued at approximately $473,000. Renaissance Technologies LLC acquired a new stake in shares of Liberty Interactive Corporation during the fourth quarter valued at approximately $7,103,000. Finally, DnB Asset Management AS boosted its stake in shares of Liberty Interactive Corporation by 17.7% in the first quarter. DnB Asset Management AS now owns 45,287 shares of the company’s stock valued at $907,000 after buying an additional 6,800 shares during the last quarter. Institutional investors and hedge funds own 90.68% of the company’s stock.
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Liberty Interactive Corporation 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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