Liberty Interactive (QVCA) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Liberty Interactive (NASDAQ:QVCA) from a strong sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Liberty Interactive’s QVC division continues to benefit from the surge in online sales. The major thrust is expected to come from the growing adoption of high-end smartphones in the U.S. Buyout of HSN Inc. will place its QVC unit as the third-largest online site, after Amazon.com and Wal-Mart Stores' e-commerce business. QVC is gradually expanding its presence in developed international markets such as Japan, Germany, Italy, and the U.K., which will enable QVC to achieve a high rate of growth. Liberty Interactive is also highly optimistic about its operations in China. Over the past three months, the stock price inched up 16.9% as against the industry's 9.8% gain. However, Liberty Interactive’s businesses remian susceptible to rapid technological changes. Persistent global economic crisis, foreign currency exchange rate risks and intense competition are other headwinds.”

Several other equities research analysts have also commented on QVCA. FBN Securities raised Liberty Interactive from a sector perform rating to a buy rating in a research note on Wednesday, January 3rd. ValuEngine raised Liberty Interactive from a hold rating to a buy rating in a research note on Monday, October 2nd. DA Davidson reissued a buy rating and set a $37.00 price target on shares of Liberty Interactive in a research note on Wednesday, January 3rd. Citigroup lowered Liberty Interactive from a neutral rating to a sell rating and decreased their price target for the stock from $27.00 to $22.00 in a research note on Thursday, September 28th. Finally, BidaskClub raised Liberty Interactive from a sell rating to a hold rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine 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 $30.00.

Shares of Liberty Interactive (NASDAQ:QVCA) opened at $26.85 on Tuesday. The company has a market capitalization of $11,969.31, a P/E ratio of 24.41, a PEG ratio of 1.33 and a beta of 1.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 1.18. Liberty Interactive has a 52 week low of $17.24 and a 52 week high of $26.93.

In related news, Director Malcolm Ian Grant Gilchrist sold 3,765 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $26.38, for a total value of $99,320.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David E. Rapley sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $23.52, for a total value of $101,136.00. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Highstreet Asset Management Inc. purchased a new position in shares of Liberty Interactive during the 3rd quarter worth $120,000. Toronto Dominion Bank lifted its stake in shares of Liberty Interactive by 18.2% during the 2nd quarter. Toronto Dominion Bank now owns 5,378 shares of the company’s stock worth $132,000 after purchasing an additional 829 shares during the period. Fiduciary Trust Co. purchased a new position in shares of Liberty Interactive during the 2nd quarter worth $144,000. South Street Advisors LLC purchased a new position in shares of Liberty Interactive during the 2nd quarter worth $231,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Liberty Interactive during the 3rd quarter worth $268,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

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Liberty Interactive Company Profile

Liberty Interactive Corporation owns interests in subsidiaries and other companies, which are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its subsidiaries QVC, Inc (QVC), zulily, llc (zulily) and and Evite, Inc (Evite).

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