Trading Report: Today: Short Interest in Liberty Interactive Corp. (LVNTA) Decreases By 35.7%

Today: Short Interest in Liberty Interactive Corp. (LVNTA) Decreases By 35.7%

Liberty Interactive Corp. (NASDAQ:LVNTA) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,655,263 shares, a decrease of 35.7% from the October 31st total of 4,130,508 shares. Based on an average daily volume of 1,354,397 shares, the days-to-cover ratio is currently 2.0 days.

Liberty Interactive Corp. (NASDAQ:LVNTA) opened at 40.01 on Monday. Liberty Interactive Corp. has a one year low of $29.37 and a one year high of $41.74. The stock’s 50 day moving average is $39.71 and its 200 day moving average is $38.80. The firm has a market capitalization of $5.70 billion, a P/E ratio of 8.12 and a beta of 1.06.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Liberty Interactive Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, October 12th. FBR & Co upped their target price on Liberty Interactive Corp. from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, October 21st. Pivotal Research upped their target price on Liberty Interactive Corp. from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, November 7th. Finally, Evercore ISI assumed coverage on Liberty Interactive Corp. in a research note on Monday, November 7th. They set a “buy” rating and a $51.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Liberty Interactive Corp. presently has a consensus rating of “Buy” and an average price target of $48.40.

In related news, Director Mark C. Vadon sold 151,074 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $20.90, for a total value of $3,157,446.60. Following the completion of the sale, the director now directly owns 3,251,374 shares in the company, valued at $67,953,716.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark C. Vadon sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $20.59, for a total value of $1,647,200.00. Following the completion of the sale, the director now owns 3,251,374 shares of the company’s stock, valued at $66,945,790.66. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVNTA. Price T Rowe Associates Inc. MD increased its position in shares of Liberty Interactive Corp. by 9.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 12,372,566 shares of the company’s stock valued at $493,294,000 after buying an additional 1,080,729 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Liberty Interactive Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 7,872,624 shares of the company’s stock valued at $291,838,000 after buying an additional 142,224 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Liberty Interactive Corp. by 3.7% in the third quarter. Principal Financial Group Inc. now owns 5,327,246 shares of the company’s stock valued at $212,397,000 after buying an additional 192,433 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Liberty Interactive Corp. by 16.3% in the second quarter. Artisan Partners Limited Partnership now owns 4,298,465 shares of the company’s stock valued at $159,344,000 after buying an additional 602,464 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Liberty Interactive Corp. by 2.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,445,268 shares of the company’s stock valued at $137,363,000 after buying an additional 70,488 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Interactive Corp. Company Profile

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