Zacks Investment Research upgraded shares of Liberty Interactive Corp. (NASDAQ:LVNTA) from a hold rating to a buy rating in a report published on Wednesday morning. They currently have $44.00 target price on the stock.
According to Zacks, “The Liberty Ventures Group is primarily focused on business investments. The Company owns interests in home shopping television networks and lifestyle and travel services Internet websites. The Liberty Ventures Group is headquartered in Englewood, Colorado. “
Separately, Citigroup Inc. increased their price target on Liberty Interactive Corp. from $40.77 to $44.00 and gave the company a buy rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Liberty Interactive Corp. has a consensus rating of Buy and a consensus price target of $44.75.
Liberty Interactive Corp. (NASDAQ:LVNTA) opened at 39.44 on Wednesday. Liberty Interactive Corp. has a 52-week low of $32.35 and a 52-week high of $45.39. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 17.15 and a beta of 1.07. The stock has a 50 day moving average price of $39.51 and a 200 day moving average price of $38.59.
Large investors have recently bought and sold shares of the company. A.R.T. Advisors LLC acquired a new stake in Liberty Interactive Corp. during the first quarter valued at about $1,233,000. Springbok Capital Management LLC raised its position in Liberty Interactive Corp. by 14.1% in the first quarter. Springbok Capital Management LLC now owns 2,579 shares of the company’s stock valued at $101,000 after buying an additional 319 shares in the last quarter. Anandar Capital Management LP purchased a new position in Liberty Interactive Corp. during the first quarter valued at approximately $6,963,000. Renaissance Technologies LLC purchased a new position in Liberty Interactive Corp. during the first quarter valued at approximately $13,484,000. Finally, Makaira Partners LLC purchased a new position in Liberty Interactive Corp. during the first quarter valued at approximately $16,438,000. 88.62% of the stock is owned by institutional investors.
Liberty Interactive Corp. Company Profile
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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