Trading Report: Today, Liberty Interactive Corp. (LVNTA) Upgraded at Zacks Investment Research

Today, Liberty Interactive Corp. (LVNTA) Upgraded at Zacks Investment Research

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. Zacks Investment Research currently has $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. boosted their price target on shares of Liberty Interactive Corp. from $40.77 to $44.00 and gave the stock a buy rating in a research note on Thursday, July 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $44.75.

Shares of Liberty Interactive Corp. (NASDAQ:LVNTA) opened at 39.13 on Wednesday. The firm has a market capitalization of $5.57 billion, a P/E ratio of 17.01 and a beta of 1.07. Liberty Interactive Corp. has a one year low of $32.35 and a one year high of $45.39. The firm’s 50-day moving average price is $39.54 and its 200-day moving average price is $38.60.

Institutional investors have recently modified their holdings of the stock. Springbok Capital Management LLC increased its position in shares of 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 during the period. Mutual of America Capital Management LLC increased its position in shares of Liberty Interactive Corp. by 930.4% in the second quarter. Mutual of America Capital Management LLC now owns 2,916 shares of the company’s stock valued at $108,000 after buying an additional 2,633 shares during the period. US Bancorp DE increased its position in shares of Liberty Interactive Corp. by 5.3% in the second quarter. US Bancorp DE now owns 3,328 shares of the company’s stock valued at $124,000 after buying an additional 169 shares during the period. BlueMountain Capital Management LLC increased its position in shares of Liberty Interactive Corp. by 99.9% in the first quarter. BlueMountain Capital Management LLC now owns 6,062 shares of the company’s stock valued at $237,000 after buying an additional 3,029 shares during the period. Finally, Sei Investments Co. increased its position in shares of Liberty Interactive Corp. by 440.8% in the second quarter. Sei Investments Co. now owns 6,533 shares of the company’s stock valued at $242,000 after buying an additional 5,325 shares during the period. 88.65% of the stock is owned by hedge funds and other 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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