Today: Bislett Management LLC Maintains Position in Liberty Interactive Group (QVCA)

Today: Bislett Management LLC Maintains Position in Liberty Interactive Group (QVCA)

Bislett Management LLC held its stake in shares of Liberty Interactive Group (NASDAQ:QVCA) during the third quarter, Holdings Channel reports. The institutional investor owned 229,000 shares of the company’s stock at the end of the third quarter. Liberty Interactive Group comprises about 3.0% of Bislett Management LLC’s holdings, making the stock its 15th largest position. Bislett Management LLC’s holdings in Liberty Interactive Group were worth $4,582,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Liberty Interactive Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 20,503,926 shares of the company’s stock worth $520,184,000 after buying an additional 60,599 shares in the last quarter. Brahman Capital Corp. boosted its stake in Liberty Interactive Group by 2.4% in the second quarter. Brahman Capital Corp. now owns 10,716,035 shares of the company’s stock valued at $271,866,000 after buying an additional 250,000 shares during the period. Artisan Partners Limited Partnership boosted its stake in Liberty Interactive Group by 0.7% in the second quarter. Artisan Partners Limited Partnership now owns 7,512,289 shares of the company’s stock valued at $190,587,000 after buying an additional 54,466 shares during the period. Senator Investment Group LP boosted its stake in Liberty Interactive Group by 21.1% in the second quarter. Senator Investment Group LP now owns 5,750,000 shares of the company’s stock valued at $145,878,000 after buying an additional 1,000,000 shares during the period. Finally, Capital Research Global Investors boosted its stake in Liberty Interactive Group by 16.0% in the second quarter. Capital Research Global Investors now owns 5,099,900 shares of the company’s stock valued at $129,384,000 after buying an additional 704,900 shares during the period. Institutional investors own 89.99% of the company’s stock.

Liberty Interactive Group (NASDAQ:QVCA) traded down 0.68% during mid-day trading on Monday, reaching $21.96. The company’s stock had a trading volume of 219,548 shares. Liberty Interactive Group has a 1-year low of $17.88 and a 1-year high of $27.58. The company has a market capitalization of $10.25 billion, a PE ratio of 21.12 and a beta of 1.32. The firm has a 50 day moving average price of $19.51 and a 200-day moving average price of $22.63.

Several equities research analysts have recently commented on the company. Bank of America Corp. upgraded Liberty Interactive Group from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Thursday, November 17th. Axiom Securities cut their price target on Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Zacks Investment Research cut Liberty Interactive Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 6th. FBR & Co cut their price target on Liberty Interactive Group from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, August 12th. Finally, FBN Securities upgraded Liberty Interactive Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.33.

In other Liberty Interactive Group news, Director Mark C. Vadon sold 591,799 shares of Liberty Interactive Group stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $21.21, for a total transaction of $12,552,056.79. Following the sale, the director now owns 3,100,300 shares of the company’s stock, valued at approximately $65,757,363. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher W. Shean sold 4,800 shares of Liberty Interactive Group stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $38.78, for a total value of $186,144.00. Following the sale, the chief financial officer now directly owns 91,003 shares in the company, valued at approximately $3,529,096.34. The disclosure for this sale can be found here. 10.78% of the stock is owned by corporate insiders.

Liberty Interactive Group Company Profile

Liberty Interactive Corporation owns interests in subsidiaries and other companies that are engaged in the video and digital commerce industries. The Company’s segments include QVC and zulily. The Company holds interests in QVC Group and the Liberty Ventures Group. The QVC Group consists of the Company’s subsidiaries, including QVC, Inc (QVC) and zulily, llc (zulily), and its interest in HSN, Inc (HSN).

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