Trade Report: Today, Tocqueville Asset Management L.P. Sold shares of Liberty Interactive Group (QVCA)

Today, Tocqueville Asset Management L.P. Sold shares of Liberty Interactive Group (QVCA)

Tocqueville Asset Management L.P. lowered its position in Liberty Interactive Group (NASDAQ:QVCA) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 288,000 shares of the company’s stock after selling 3,165 shares during the period. Tocqueville Asset Management L.P.’s holdings in Liberty Interactive Group were worth $7,307,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in QVCA. 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 worth $785,000 after buying an additional 99 shares during the last quarter. Hartford Investment Management Co. boosted its position in shares of Liberty Interactive Group by 2.0% in the second quarter. Hartford Investment Management Co. now owns 8,550 shares of the company’s stock worth $217,000 after buying an additional 165 shares during the last quarter. Scotia Capital Inc. boosted its position in shares of Liberty Interactive Group by 1.7% in the first quarter. Scotia Capital Inc. now owns 21,366 shares of the company’s stock worth $540,000 after buying an additional 359 shares during the last quarter. Fairpointe Capital LLC boosted its position in shares of Liberty Interactive Group by 2.2% in the first quarter. Fairpointe Capital LLC now owns 27,360 shares of the company’s stock worth $690,000 after buying an additional 600 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in shares of Liberty Interactive Group by 2.1% in the second quarter. DNB Asset Management AS now owns 38,087 shares of the company’s stock worth $966,000 after buying an additional 800 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Interactive Group (NASDAQ:QVCA) traded up 0.506% during trading on Tuesday, hitting $18.875. 919,062 shares of the stock were exchanged. The stock’s 50-day moving average price is $19.74 and its 200-day moving average price is $23.91. The firm has a market cap of $8.98 billion, a PE ratio of 15.509 and a beta of 1.26. Liberty Interactive Group has a 12-month low of $18.42 and a 12-month high of $28.71.

Liberty Interactive Group (NASDAQ:QVCA) last announced its earnings results on Friday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Liberty Interactive Group had a net margin of 5.93% and a return on equity of 11.64%. On average, equities analysts expect that Liberty Interactive Group will post $1.01 EPS for the current year.

A number of brokerages have issued reports on QVCA. Zacks Investment Research cut shares of Liberty Interactive Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 28th. FBR & Co cut their target price on shares of Liberty Interactive Group from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, August 12th. Axiom Securities cut their target price on shares of Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Wunderlich cut their target price on shares of Liberty Interactive Group from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Finally, FBN Securities upgraded shares of Liberty Interactive Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.29.

In related news, Director David E. Rapley sold 6,019 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $21.09, for a total value of $126,940.71. Following the completion of the transaction, the director now owns 16,046 shares in the company, valued at approximately $338,410.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher W. Shean sold 4,800 shares of the stock in a transaction dated Thursday, September 22nd. The shares were 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 owns 91,003 shares of the company’s stock, valued at approximately $3,529,096.34. The disclosure for this sale can be found here. 10.78% of the stock is currently owned by corporate insiders.

About Liberty Interactive Group

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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