LINTA: Liberty Interactive Corporation Instablogs

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Wednesday, May 8, 7:48 AM Liberty Interactive (LINTA): Q1 Revenue of $2.43B beats by $0.05B. (PR) Comment! [Earnings]
Wednesday, February 27, 6:08 PM Liberty Interactive (LINTA): Revenue of $3.14B (+2% Y/Y) misses by $40M. (PR) Comment! [Earnings, Breaking News]
Wednesday, February 13, 6:25 PM TripAdvisor (TRIP) -9.4% AH following its Q4 report, even though it beat estimates and established a $250M stock buyback (good for repurchasing 4% of shares). Search ad sales +25% Y/Y (+15% in Q3) and 73% of revenue. Display ads -3% (+12% prior), subscriptions and other +56% (+53% prior). Liberty Interactive (LINTA) CEO Greg Maffei, whose company now controls 57% of TripAdvisor's voting rights, has been named chairman. TRIP has been on a good run since its Q3 beat. EXPE -0.7%. (PR) 1 Comment [Tech, Consumer, Earnings, On the Move]
Monday, December 31, 2012, 5:40 PM After-hours top gainers, as of 5:15 p.m.: GASX +5.4%. VELT +3.2%. IFGL +2.1%. TRX +2%. VISN +2.0%.
After-hours top losers: HHC -5.3%. NUS -4.6%. POWR -4.6%. WBC -4.5%. LINTA -3.5%. Comment! [On the Move]
Tuesday, December 11, 2012, 10:00 AM TripAdvisor (TRIP +7.7%) has rallied to $41.35 on news Liberty Interactive (LINTA +0.1%) acquired voting control by purchasing 4.8M shares at $62.50. LINTA now controls 57% of TRIP's voting rights, though only 22% of its equity. Orbitz (OWW +3%) and Travelzoo (TZOO +3.3%) are joining Expedia in rising in sympathy. Comment! [Tech, On the Move, Consumer]
Tuesday, December 11, 2012, 9:14 AM Liberty Interactive (LINTA) acquires voting control of TripAdvisor (TRIP) by buying over 4.799M shares from Barry Diller and The Diller-von Furstenberg Family Foundation at $62.50 a share. TRIP halted, but PCLN +0.9% and EXPE +3%. 2 Comments [Consumer, On the Move]
Wednesday, November 14, 2012, 5:01 PM Third Point reports initiating new stakes in Mondelez (MDLZ), Nexen (NXY), Symantec (SYMC), WESCO (WCC), Autodesk (ADSK), while increasing its stakes in AIG (AIG), Apple (AAPL), Murphy Oil (MUR) and LyondellBasell (LYB). The firm liquidated positions in Plains Exploration (PXP), Liberty (LINTA), News Corp (NWSA), Capital One (COF) and DISH (DISH) over the quarter, and reduced stakes in Cigna (CI), ARIAD (ARIA), Cabot (COG) and Coca-Cola Enterprises (CCE). (13-F) 1 Comment [Financials]
Tuesday, August 14, 2012, 5:11 PM More on Dan Loeb's Third Point: The fund opened up a 5M share stake in Chesapeake Energy (CHK) in Q2. Other companies in which new stakes were taken: AIG - 2.25M shares. LINTA - 3.25M. NWSA - 4M. Companies in which Loeb liquidated his positions include ANF, CSCO, GOOG, and MCK. (13-F) 1 Comment [Consumer, Energy]
Monday, April 30, 2012, 8:48 AM Shares of Liberty Interactive (LINTA) could be a set for a banner day when trading launches after seeing holding Barnes & Noble rip a 93% premarket gain off of news of an investment from Microsoft. Comment! [On the Move]
Wednesday, March 28, 2012, 12:10 PM Expedia (EXPE -3.2%) adds to yesterday's losses after Liberty Interactive (LINTA) discloses it sold 12M shares at a price of $34.32. The sales reduces Liberty's stake in Expedia to 16% from 26%. Comment! [Tech, On the Move]
Thursday, February 23, 2012, 9:37 AM Liberty Interactive (LINTA +4.7%) unveils a plan to recapitalize its common stock into two tracking stocks: Liberty Interactive, which will include QVC, its eCommerce company, a 34% stake in HSN and $500M in cash; and Liberty Ventures, which will include interests in EXPE, TRIP, TWC, TWX, AOL and $1.3B in cash. Comment! [Tech, On the Move]
Friday, February 3, 2012, 9:44 AM Liberty Media (LINTA +2.9%) is upgraded to Overweight from Equal Weight with a raised target price of $21 from $19 at Morgan Stanley, which considers LINTA's QVC business “a unique retail asset... undervalued at a 10% free cash flow yield due to complexity,” but where management is taking steps to clarify the structure of the company. Comment! [Tech, On the Move]
Tuesday, January 10, 2012, 12:32 PM Stifel is starting coverage on both HSN (HSNI +0.8%) and QVC owner Liberty Interactive (LINTA +1.4%) with Buy ratings (I, II). The firm likes HSN's technology investments and reliance on high-income consumers, and touts QVC's pricing power and potential for higher international conversion rates. It also notes QVC's Euro results have held up well in spite of a weak macro backdrop. Comment! [Consumer, Quick Ideas]
Thursday, November 17, 2011, 9:59 AM Liberty Media says it is eliminating its confusing tracking stock structure and will convert each share of Liberty Starz (LSTZA +0.8%) common stock into 0.88129 shares of Liberty Capital (LCAPA +0.5%). After the offering, the combined company will have two classes of common stock, trading on Nasdaq as LMCA and LMCB. LINTA +3.9%. Comment! [Tech]
Wednesday, September 21, 2011, 3:49 PM Liberty Media (LINTA +9.2%) shares soar after the Delaware Supreme Court upholds a ruling that clears the way for it to transfer assets of its two tracking stocks, Liberty Capital (LCAPA +2.2%) and Liberty Starz (LSTZA +1.6%), to shareholders. The splitoffs are part of owner John Malone’s efforts to simplify the company's financial structure. Comment! [Consumer]
Thursday, June 2, 2011, 4:56 PM Yesterday's selloff feels like a "capitulation" to JPMorgan, confirming its view that summer weakness would be “front-end loaded.” It likes these 20 stocks for a summer rally: DAL, UAL, X, KGC, NEM, RHI, GM, MT, FCX, NUE, BRCM, GG, COL, IPG, MGA, APOL, SYMC, LVS, LINTA, CLF. 6 Comments [Quick Ideas]

LINTA Liberty Interactive Corporation

LINTA

Liberty Interactive Corporation