Trading Report: The BNP Paribas Arbitrage SA decides to keep it stake in Liberty Interactive Group (QVCA) to the level of $4,622,000

The BNP Paribas Arbitrage SA decides to keep it stake in Liberty Interactive Group (QVCA) to the level of $4,622,000

BNP Paribas Arbitrage SA raised its position in Liberty Interactive Group (NASDAQ:QVCA) by 555.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,963 shares of the company’s stock after buying an additional 195,739 shares during the period. BNP Paribas Arbitrage SA’s holdings in Liberty Interactive Group were worth $4,622,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in QVCA. Janus Capital Management LLC raised its position in shares of Liberty Interactive Group by 7,674.1% in the second quarter. Janus Capital Management LLC now owns 3,305,098 shares of the company’s stock valued at $83,851,000 after buying an additional 3,262,584 shares during the period. Locust Wood Capital Advisers LLC bought a new stake in Liberty Interactive Group during the second quarter valued at approximately $42,782,000. 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 in the last quarter. Emerald Acquisition Ltd. bought a new stake in Liberty Interactive Group during the second quarter valued at approximately $21,330,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Liberty Interactive Group by 20.4% in the second quarter. Parametric Portfolio Associates LLC now owns 4,170,135 shares of the company’s stock valued at $105,796,000 after buying an additional 707,636 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Liberty Interactive Group (NASDAQ:QVCA) traded down 0.09% during midday trading on Friday, hitting $22.11. 1,175,857 shares of the stock were exchanged. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 21.26 and a beta of 1.32. Liberty Interactive Group has a 1-year low of $17.88 and a 1-year high of $27.58. The firm’s 50 day moving average is $19.51 and its 200-day moving average is $22.63.

Several research firms recently commented on QVCA. Bank of America Corp. raised shares of Liberty Interactive Group from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, November 17th. Axiom Securities cut their price objective on shares of Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Zacks Investment Research cut shares of Liberty Interactive Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 6th. FBR & Co cut their price objective on shares of Liberty Interactive Group from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, August 12th. Finally, FBN Securities raised 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 and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $30.33.

In related news, CFO Christopher W. Shean sold 4,800 shares of the firm’s 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 transaction, the chief financial officer now directly owns 91,003 shares of the company’s stock, valued at $3,529,096.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark C. Vadon sold 511,074 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $20.94, for a total transaction of $10,701,889.56. Following the transaction, the director now directly owns 3,251,374 shares in the company, valued at $68,083,771.56. The disclosure for this sale can be found here. Insiders own 10.78% of the company’s stock.

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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