JPMorgan Chase & Co. Decreases Stake in Liberty Interactive Corporation (NASDAQ:LVNTA)

JPMorgan Chase & Co. lowered its stake in Liberty Interactive Corporation (NASDAQ:LVNTA) by 79.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,042 shares of the company’s stock after selling 15,335 shares during the period. JPMorgan Chase & Co.’s holdings in Liberty Interactive Corporation were worth $180,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LVNTA. US Bancorp DE raised its stake in shares of Liberty Interactive Corporation by 15.4% in the first quarter. US Bancorp DE now owns 3,462 shares of the company’s stock valued at $154,000 after buying an additional 462 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Liberty Interactive Corporation by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,668 shares of the company’s stock valued at $164,000 after buying an additional 297 shares during the last quarter. James Investment Research Inc. purchased a new position in Liberty Interactive Corporation during the first quarter valued at $227,000. Bank of Montreal Can increased its position in Liberty Interactive Corporation by 11.3% in the first quarter. Bank of Montreal Can now owns 6,423 shares of the company’s stock valued at $286,000 after buying an additional 652 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Liberty Interactive Corporation by 15.2% in the first quarter. Janney Montgomery Scott LLC now owns 6,775 shares of the company’s stock valued at $301,000 after buying an additional 892 shares during the period. 89.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Liberty Interactive Corporation (NASDAQ LVNTA) opened at 59.70 on Friday. Liberty Interactive Corporation has a 52-week low of $36.54 and a 52-week high of $62.41. The stock has a market cap of $5.11 billion, a P/E ratio of 6.25 and a beta of 1.02. The firm has a 50-day moving average price of $56.81 and a 200-day moving average price of $50.84.

Liberty Interactive Corporation (NASDAQ:LVNTA) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.22. Liberty Interactive Corporation had a return on equity of 6.65% and a net margin of 653.21%. The business had revenue of $6 million for the quarter, compared to analysts’ expectations of $2 million. On average, analysts anticipate that Liberty Interactive Corporation will post $5.10 EPS for the current fiscal year.

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Several research firms have recently weighed in on LVNTA. FBR & Co restated a “buy” rating and issued a $78.00 target price (up previously from $60.00) on shares of Liberty Interactive Corporation in a research report on Monday, August 14th. Pivotal Research restated a “buy” rating and issued a $68.00 target price (up previously from $66.00) on shares of Liberty Interactive Corporation in a research report on Tuesday. ValuEngine downgraded Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $60.25.

Liberty Interactive Corporation Company Profile

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).

Institutional Ownership by Quarter for Liberty Interactive Corporation (NASDAQ:LVNTA)

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