Qurate Retail Inc Series A (QRTEA) Director Acquires $9,984,000.00 in Stock

Qurate Retail Inc Series A (NASDAQ:QRTEA) Director John C. Malone acquired 800,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average cost of $12.48 per share, for a total transaction of $9,984,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ QRTEA traded up $0.77 during midday trading on Thursday, reaching $13.42. 4,954,106 shares of the company were exchanged, compared to its average volume of 3,164,095. The stock has a market cap of $5.44 billion, a PE ratio of 7.21 and a beta of 0.99. Qurate Retail Inc Series A has a one year low of $11.17 and a one year high of $25.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 1.06.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its earnings results on Thursday, May 9th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.25 billion. Qurate Retail Inc Series A had a return on equity of 14.06% and a net margin of 4.22%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. As a group, sell-side analysts predict that Qurate Retail Inc Series A will post 1.68 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Qurate Retail Inc Series A during the 4th quarter valued at approximately $74,476,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Qurate Retail Inc Series A by 2,384.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock worth $86,000 after buying an additional 1,609,986 shares in the last quarter. Metropolis Capital Ltd purchased a new position in shares of Qurate Retail Inc Series A in the fourth quarter worth $29,166,000. Wedge Capital Management L L P NC lifted its holdings in shares of Qurate Retail Inc Series A by 74.0% in the first quarter. Wedge Capital Management L L P NC now owns 3,072,530 shares of the company’s stock worth $49,099,000 after buying an additional 1,306,300 shares in the last quarter. Finally, South Texas Money Management Ltd. purchased a new position in shares of Qurate Retail Inc Series A in the fourth quarter worth $19,418,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on QRTEA shares. Zacks Investment Research cut shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Bank of America cut shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research note on Thursday, February 28th. ValuEngine cut shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. DA Davidson decreased their price objective on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, Citigroup raised shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and boosted their target price for the stock from $19.00 to $21.00 in a research note on Friday, March 8th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Qurate Retail Inc Series A presently has a consensus rating of “Hold” and a consensus target price of $25.43.

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About Qurate Retail Inc Series A

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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