ING Groep NV purchased a new stake in shares of Liberty Interactive Corp. (NASDAQ:LVNTA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,815 shares of the company’s stock, valued at approximately $661,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its position in Liberty Interactive Corp. by 50.0% in the first quarter. Franklin Resources Inc. now owns 569,236 shares of the company’s stock valued at $22,269,000 after buying an additional 189,705 shares during the period. Aviva PLC raised its stake in shares of Liberty Interactive Corp. by 0.4% in the first quarter. Aviva PLC now owns 70,146 shares of the company’s stock worth $2,744,000 after buying an additional 259 shares in the last quarter. State Street Corp raised its stake in shares of Liberty Interactive Corp. by 1.8% in the first quarter. State Street Corp now owns 1,763,357 shares of the company’s stock worth $68,981,000 after buying an additional 31,824 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of Liberty Interactive Corp. by 1.0% in the first quarter. Rafferty Asset Management LLC now owns 9,985 shares of the company’s stock worth $391,000 after buying an additional 97 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Liberty Interactive Corp. by 28.2% in the first quarter. UBS Group AG now owns 158,640 shares of the company’s stock worth $6,207,000 after buying an additional 34,883 shares in the last quarter. Institutional investors own 88.62% of the company’s stock.
Liberty Interactive Corp. (NASDAQ:LVNTA) traded up 0.55% during mid-day trading on Friday, reaching $40.37. 640,529 shares of the company’s stock traded hands. The stock has a market cap of $5.75 billion, a P/E ratio of 17.55 and a beta of 1.07. Liberty Interactive Corp. has a 12 month low of $32.35 and a 12 month high of $45.39. The company has a 50 day moving average price of $39.42 and a 200-day moving average price of $38.56.
Separately, Citigroup Inc. boosted their price objective on shares of Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Liberty Interactive Corp. currently has a consensus rating of “Buy” and an average price target of $44.75.
In other Liberty Interactive Corp. news, Director Michael A. George sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $26.24, for a total transaction of $3,936,000.00. Following the completion of the transaction, the director now owns 1,081,179 shares in the company, valued at approximately $28,370,136.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
About Liberty Interactive Corp.
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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