Renren Inc. (RENN) Reaches $11.42 After 7.00% Down Move; Global Endowment Management LP Has Lifted Liberty Interactive (QVCA) Holding By $875,150

January 14, 2018 - By Maria Brooks

Global Endowment Management Lp increased Liberty Interactive Corp (QVCA) stake by 47.9% reported in 2017Q3 SEC filing. Global Endowment Management Lp acquired 38,050 shares as Liberty Interactive Corp (QVCA)’s stock rose 23.01%. The Global Endowment Management Lp holds 117,480 shares with $2.77M value, up from 79,430 last quarter. Liberty Interactive Corp now has $12.99B valuation. The stock increased 0.75% or $0.2 during the last trading session, reaching $26.85. About 2.05 million shares traded. QVC Group (NASDAQ:QVCA) has declined 6.46% since January 14, 2017 and is downtrending. It has underperformed by 23.16% the S&P500.

The stock of Renren Inc. (NYSE:RENN) is a huge mover today! The stock decreased 6.78% or $0.83 during the last trading session, reaching $11.42. About 1.81M shares traded or 95.15% up from the average. Renren Inc. (NYSE:RENN) has declined 19.34% since January 14, 2017 and is downtrending. It has underperformed by 36.04% the S&P500.The move comes after 6 months negative chart setup for the $781.91 million company. It was reported on Jan, 14 by Barchart.com. We have $10.62 PT which if reached, will make NYSE:RENN worth $54.73 million less.

Renren Inc. operates a social networking Internet platform in the PeopleÂ’s Republic of China. The company has market cap of $781.91 million. It operates through two divisions, Renren and Internet Finance. It currently has negative earnings. The firm operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers; and woxiu.com, a PC social video platform for users to stream their performances live to viewers.

Among 14 analysts covering Liberty Interactive (NASDAQ:QVCA), 12 have Buy rating, 1 Sell and 1 Hold. Therefore 86% are positive. Liberty Interactive had 29 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, July 7 by FBR Capital. The company was maintained on Wednesday, January 10 by KeyBanc Capital Markets. Wolfe Research initiated the shares of QVCA in report on Tuesday, September 22 with “Outperform” rating. UBS maintained QVC Group (NASDAQ:QVCA) on Thursday, August 6 with “Buy” rating. The rating was upgraded by FBN Securities on Wednesday, August 10 to “Outperform”. As per Friday, July 7, the company rating was maintained by Aegis Capital. The firm has “Overweight” rating given on Tuesday, December 8 by Pacific Crest. Citigroup maintained QVC Group (NASDAQ:QVCA) rating on Thursday, October 6. Citigroup has “Buy” rating and $26 target. The firm earned “Buy” rating on Thursday, August 6 by Axiom Capital. The stock of QVC Group (NASDAQ:QVCA) earned “Neutral” rating by Bank of America on Tuesday, September 20.

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