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Here is What Hedge Funds Think About Liberty Interactive (Interactive group) (LINTA)

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Liberty Interactive (Interactive group) (NASDAQ:LINTA) shareholders have witnessed a decrease in activity from the world’s largest hedge funds lately.

Liberty Interactive

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Just as important, bullish insider trading sentiment is another way to parse down the financial markets. Just as you’d expect, there are plenty of incentives for an insider to cut shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Several academic studies have demonstrated the useful potential of this strategy if investors understand what to do (learn more here).

Now, let’s take a glance at the recent action regarding Liberty Interactive (Interactive group) (NASDAQ:LINTA).

How have hedgies been trading Liberty Interactive (Interactive group) (NASDAQ:LINTA)?

At the end of the first quarter, a total of 51 of the hedge funds we track were long in this stock, a change of -6% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were boosting their stakes meaningfully.

Of the funds we track, JANA Partners, managed by Barry Rosenstein, holds the biggest position in Liberty Interactive (Interactive group) (NASDAQ:LINTA). JANA Partners has a $199.1 million position in the stock, comprising 4.1% of its 13F portfolio. On JANA Partners’s heels is Bob Peck and Andy Raab of FPR Partners, with a $163.4 million position; 7.6% of its 13F portfolio is allocated to the stock. Other hedgies that hold long positions include Bob Peck and Andy Raab’s FPR Partners, Jonathon Jacobson’s Highfields Capital Management and Peter Adam Hochfelder’s Brahman Capital.

Seeing as Liberty Interactive (Interactive group) (NASDAQ:LINTA) has faced bearish sentiment from the entirety of the hedge funds we track, it’s safe to say that there lies a certain “tier” of funds that slashed their full holdings last quarter. Interestingly, Murray Stahl’s Horizon Asset Management dropped the largest stake of all the hedgies we watch, worth about $58.8 million in stock.. Barry Rosenstein’s fund, JANA Partners, also dropped its stock, about $50.5 million worth. These transactions are important to note, as aggregate hedge fund interest was cut by 3 funds last quarter.

What do corporate executives and insiders think about Liberty Interactive (Interactive group) (NASDAQ:LINTA)?

Bullish insider trading is at its handiest when the company in question has seen transactions within the past six months. Over the latest six-month time frame, Liberty Interactive (Interactive group) (NASDAQ:LINTA) has seen zero unique insiders buying, and 6 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Liberty Interactive (Interactive group) (NASDAQ:LINTA). These stocks are PC Connection, Inc. (NASDAQ:PCCC), Liquidity Services, Inc. (NASDAQ:LQDT),, Inc. (NASDAQ:AMZN), eBay Inc (NASDAQ:EBAY), and Mercadolibre Inc (NASDAQ:MELI). This group of stocks belong to the catalog & mail order houses industry and their market caps are closest to LINTA’s market cap.

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