Today The Covey Capital Advisors LLC Has $1,703,000 Position in Liberty Interactive Corporation (QVCA)

Today The Covey Capital Advisors LLC Has $1,703,000 Position in Liberty Interactive Corporation (QVCA)

Covey Capital Advisors LLC lowered its stake in Liberty Interactive Corporation (NASDAQ:QVCA) by 42.0% during the third quarter, Holdings Channel reports. The fund owned 85,090 shares of the company’s stock after selling 61,500 shares during the period. Liberty Interactive Corporation accounts for 0.9% of Covey Capital Advisors LLC’s portfolio, making the stock its 20th largest position. Covey Capital Advisors LLC’s holdings in Liberty Interactive Corporation were worth $1,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Liberty Interactive Corporation by 4,511.4% in the second quarter. Tower Research Capital LLC TRC now owns 7,286 shares of the company’s stock valued at $185,000 after buying an additional 7,128 shares during the last quarter. TradeLink Capital LLC purchased a new position in Liberty Interactive Corporation during the second quarter valued at about $201,000. Laurion Capital Management LP purchased a new position in Liberty Interactive Corporation during the second quarter valued at about $211,000. Capstone Asset Management Co. raised its position in Liberty Interactive Corporation by 2.4% in the third quarter. Capstone Asset Management Co. now owns 10,628 shares of the company’s stock valued at $213,000 after buying an additional 250 shares during the last quarter. Finally, Advisor Group Inc. purchased a new position in Liberty Interactive Corporation during the second quarter valued at about $218,000. Hedge funds and other institutional investors own 88.79% of the company’s stock.

Shares of Liberty Interactive Corporation (NASDAQ:QVCA) opened at 19.17 on Wednesday. The stock’s 50 day moving average is $19.87 and its 200 day moving average is $20.95. The firm has a market cap of $8.95 billion, a P/E ratio of 18.43 and a beta of 1.35. Liberty Interactive Corporation has a 12 month low of $17.88 and a 12 month high of $27.25.

Several research analysts have issued reports on the stock. Bank of America Corporation upgraded shares of Liberty Interactive Corporation from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, November 17th. Zacks Investment Research upgraded shares of Liberty Interactive Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, January 10th. Finally, KeyCorp set a $29.00 price target on shares of Liberty Interactive Corporation and gave the stock a “buy” rating in a report on Tuesday, November 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.38.

In other Liberty Interactive Corporation news, Director Mark C. Vadon sold 511,074 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $20.94, for a total value of $10,701,889.56. Following the completion of the sale, the director now owns 3,251,374 shares in the company, valued at $68,083,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark C. Vadon sold 591,799 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $21.21, for a total value of $12,552,056.79. Following the completion of the sale, the director now owns 3,100,300 shares of the company’s stock, valued at approximately $65,757,363. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,202,283 shares of company stock valued at $46,105,839. 10.78% of the stock is owned by insiders.

About Liberty Interactive Corporation

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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