Hutchinson Capital Management CA decreased its stake in Liberty Interactive Group (NASDAQ:QVCA) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 362,781 shares of the company’s stock after selling 9,340 shares during the period. Liberty Interactive Group comprises 2.8% of Hutchinson Capital Management CA’s portfolio, making the stock its 16th largest position. Hutchinson Capital Management CA’s holdings in Liberty Interactive Group were worth $9,204,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in QVCA. FTB Advisors Inc. boosted its stake in Liberty Interactive Group by 20.7% in the second quarter. FTB Advisors Inc. now owns 8,851 shares of the company’s stock valued at $223,000 after buying an additional 1,515 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Liberty Interactive Group by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,209,316 shares of the company’s stock valued at $30,680,000 after buying an additional 3,733 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Liberty Interactive Group by 0.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,956 shares of the company’s stock valued at $785,000 after buying an additional 99 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Liberty Interactive Group during the second quarter valued at $939,000. Finally, ING Groep NV bought a new position in shares of Liberty Interactive Group during the second quarter valued at $1,512,000. 87.72% of the stock is owned by institutional investors and hedge funds.
Shares of Liberty Interactive Group (NASDAQ:QVCA) traded up 0.27% during midday trading on Wednesday, reaching $18.83. The company had a trading volume of 915,350 shares. The company has a market capitalization of $8.96 billion, a PE ratio of 15.47 and a beta of 1.26. Liberty Interactive Group has a one year low of $18.42 and a one year high of $28.50. The company has a 50 day moving average of $19.67 and a 200 day moving average of $23.86.
Liberty Interactive Group (NASDAQ:QVCA) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. Liberty Interactive Group had a return on equity of 11.64% and a net margin of 5.93%. Analysts predict that Liberty Interactive Group will post $1.01 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. Axiom Securities dropped their price objective on Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating for the company in a report on Monday, August 8th. Zacks Investment Research cut Liberty Interactive Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 6th. FBR & Co dropped their price objective on Liberty Interactive Group from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, August 12th. Bank of America Corp. assumed coverage on Liberty Interactive Group in a report on Tuesday, September 20th. They issued a “neutral” rating for the company. Finally, FBN Securities raised Liberty Interactive Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $31.29.
In other Liberty Interactive Group news, CFO Christopher W. Shean sold 4,800 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $38.78, for a total transaction of $186,144.00. Following the completion of the transaction, the chief financial officer now directly owns 91,003 shares of the company’s stock, valued at $3,529,096.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David E. Rapley sold 6,019 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $21.09, for a total value of $126,940.71. Following the transaction, the director now directly owns 16,046 shares of the company’s stock, valued at $338,410.14. The disclosure for this sale can be found here. Company insiders own 10.78% of the company’s stock.
Liberty Interactive Group 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).
Want to see what other hedge funds are holding QVCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Interactive Group (NASDAQ:QVCA).
Receive News & Ratings for Liberty Interactive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Interactive Group and related companies with MarketBeat.com's FREE daily email newsletter.