Qurate Retail Inc Series A (NASDAQ:QRTEA) Stock Holdings Lifted by World Asset Management Inc

World Asset Management Inc raised its position in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,560 shares of the company’s stock after purchasing an additional 1,679 shares during the quarter. World Asset Management Inc’s holdings in Qurate Retail Inc Series A were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC grew its stake in Qurate Retail Inc Series A by 9.8% in the first quarter. FMR LLC now owns 7,611,313 shares of the company’s stock valued at $121,628,000 after purchasing an additional 679,691 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Qurate Retail Inc Series A by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,078,408 shares of the company’s stock valued at $138,170,000 after purchasing an additional 49,418 shares in the last quarter. Eagle Asset Management Inc. grew its stake in Qurate Retail Inc Series A by 0.9% in the first quarter. Eagle Asset Management Inc. now owns 5,069,552 shares of the company’s stock valued at $81,011,000 after purchasing an additional 45,829 shares in the last quarter. Geode Capital Management LLC grew its stake in Qurate Retail Inc Series A by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 4,302,866 shares of the company’s stock valued at $83,938,000 after purchasing an additional 121,432 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in 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 valued at $49,099,000 after purchasing an additional 1,306,300 shares in the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

In other Qurate Retail Inc Series A news, CEO Michael A. George acquired 244,568 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $12.51 per share, with a total value of $3,059,545.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory B. Maffei acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average cost of $12.49 per share, with a total value of $1,249,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,144,568 shares of company stock valued at $14,292,546. 0.01% of the stock is currently owned by corporate insiders.

Shares of QRTEA traded down $0.20 during trading hours on Tuesday, hitting $13.03. 316,114 shares of the company were exchanged, compared to its average volume of 3,623,282. The company has a market capitalization of $5.91 billion, a P/E ratio of 7.02 and a beta of 1.13. The company’s 50 day simple moving average is $12.96. Qurate Retail Inc Series A has a 52 week low of $11.17 and a 52 week high of $25.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 1.02.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 14.19% and a net margin of 4.22%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. On average, equities analysts expect that Qurate Retail Inc Series A will post 1.59 earnings per share for the current year.

Several analysts have recently issued reports on the company. Craig Hallum reiterated a “buy” rating and set a $24.00 price target (down previously from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday, May 13th. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.67.

Qurate Retail Inc Series A Company Profile

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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Institutional Ownership by Quarter for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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