BlackRock Inc. Lowers Holdings in Liberty Interactive Corporation (LVNTA)

BlackRock Inc. trimmed its position in Liberty Interactive Corporation (NASDAQ:LVNTA) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,421,414 shares of the company’s stock after selling 128,911 shares during the quarter. BlackRock Inc. owned 4.00% of Liberty Interactive Corporation worth $178,905,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. US Bancorp DE lifted its holdings in shares of Liberty Interactive Corporation by 4.9% in the 2nd quarter. US Bancorp DE now owns 3,630 shares of the company’s stock worth $190,000 after buying an additional 168 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Liberty Interactive Corporation by 4.8% in the 2nd quarter. Prudential Financial Inc. now owns 5,000 shares of the company’s stock worth $261,000 after buying an additional 230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Liberty Interactive Corporation by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,830 shares of the company’s stock worth $148,000 after buying an additional 274 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Liberty Interactive Corporation by 8.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,668 shares of the company’s stock worth $164,000 after buying an additional 297 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Liberty Interactive Corporation by 6.1% in the 2nd quarter. CIBC Asset Management Inc now owns 5,147 shares of the company’s stock worth $269,000 after buying an additional 297 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

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In related news, Director Mark C. Vadon sold 201,424 shares of Liberty Interactive Corporation stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.56, for a total value of $4,745,549.44. Following the completion of the transaction, the director now directly owns 630,300 shares in the company, valued at $14,849,868. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Malcolm Ian Grant Gilchrist sold 2,335 shares of Liberty Interactive Corporation stock in a transaction on Monday, September 25th. The shares were sold at an average price of $24.08, for a total value of $56,226.80. Following the completion of the transaction, the director now owns 955 shares of the company’s stock, valued at $22,996.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 477,488 shares of company stock valued at $11,204,298.

Liberty Interactive Corporation (NASDAQ:LVNTA) opened at 59.00 on Wednesday. Liberty Interactive Corporation has a 52-week low of $36.54 and a 52-week high of $62.41. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 6.17 and a beta of 0.99. The stock has a 50 day moving average price of $58.92 and a 200 day moving average price of $54.89.

Liberty Interactive Corporation (NASDAQ:LVNTA) last released its earnings results on Tuesday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.22). The company had revenue of $6.00 million during the quarter, compared to analysts’ expectations of $2.00 million. Liberty Interactive Corporation had a net margin of 653.21% and a return on equity of 6.65%. On average, equities analysts expect that Liberty Interactive Corporation will post $5.10 earnings per share for the current year.

Several equities research analysts have weighed in on LVNTA shares. Pivotal Research upped their target price on Liberty Interactive Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. BidaskClub cut Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. FBR & Co reissued a “buy” rating and issued a $78.00 price target (up from $60.00) on shares of Liberty Interactive Corporation in a research report on Monday, August 14th. Finally, ValuEngine lowered Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $65.67.

About Liberty Interactive Corporation

Liberty Interactive Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its businesses and assets include its consolidated subsidiaries QVC, Inc (QVC), Backcountry.com, Inc (Backcountry), Bodybuilding.com, LLC (Bodybuilding), CommerceHub and Evite, Inc (Evite) and its equity affiliates Expedia, Inc (Expedia), HSN, Inc (HSN), FTD Companies, Inc (FTD), Interval Leisure Group, Inc (Interval Leisure Group) and LendingTree, Inc (LendingTree).

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Institutional Ownership by Quarter for Liberty Interactive Corporation (NASDAQ:LVNTA)

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