Liberty Media Corporation - Ser (NASDAQ:FWONK) Sees Significantly Higher Trading Volume

Shares of Liberty Interactive Corporation (NASDAQ QVCB) opened at 22.52 on Friday.

Total shares held by institutions as of the most recent company filings are 27,739,874 with a reported 1,067,221 bought and 2,280,652 sold. The company has a 50 day moving average price of $23.92 and a 200 day moving average price of $21.79. BlackRock Inc. now owns 6,304,119 shares of the technology company's stock worth $245,359,000 after buying an additional 6,197,849 shares during the last quarter. First Manhattan Co. raised its position in shares of Liberty Media Corporation by 0.3% in the first quarter.

Hedge funds and other institutional investors own 77.94% of the company's stock. The firm has a market capitalization of $10.97 billion, a PE ratio of 24.47 and a beta of 1.21. The Company's businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

In related news, major shareholder Berkshire Hathaway Inc purchased 679,930 shares of the company's stock in a transaction dated Monday, May 22nd.

WARNING: "Liberty Interactive Corporation (QVCA) Position Lowered by Janus Capital Management LLC" was reported by Chaffey Breeze and is owned by of Chaffey Breeze. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/08/11/fy2018-eps-estimates-for-liberty-interactive-corporation-qvca-reduced-by-keycorp.html. BidaskClub cut shares of Liberty Interactive Corporation from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 11th.

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Analysts at KeyCorp dropped their FY2018 earnings per share (EPS) estimates for Liberty Interactive Corporation in a report issued on Tuesday. Capstone Asset Management Co. now owns 11,288 shares of the company's stock worth $226,000 after buying an additional 820 shares during the last quarter.

Barclays released its first research report on the stock by announcing an initial rating of "Equal-Weight". Finally, Capstone Asset Management Co. boosted its stake in Liberty Interactive Corporation by 7.8% in the first quarter. Geode Capital Management LLC now owns 761,550 shares of the technology company's stock worth $29,630,000 after buying an additional 45,983 shares during the last quarter. Liberty Interactive Corporation has a one year low of $36.54 and a one year high of $62.02.

Several analysts recently weighed in on the stock. Finally, Citigroup Inc. reaffirmed a "buy" rating and set a $28.00 price target (up from $26.00) on shares of Liberty Interactive Corporation in a report on Sunday, May 14th. Zacks Investment Research upgraded shares of Liberty Media Corporation from a "sell" rating to a "hold" rating in a research report on Friday, June 2nd. Volume was up 88.17% over the stocks average daily volume. Baupost Group LLC is the second biggest holder with 2 million shares now valued at 47.16 million whilst Mason Capital Management LLC has 2 million shares valued at 44.29 million. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The disclosure for this purchase can be found here. 1,339,386 shares of the stock were exchanged.

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America.

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