Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 153,513 shares of the company’s stock, valued at approximately $3,258,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. South Street Advisors LLC bought a new stake in Qurate Retail Inc Series A during the first quarter worth $237,000. IFM Investors Pty Ltd bought a new stake in Qurate Retail Inc Series A during the second quarter worth $455,000. High Pointe Capital Management LLC bought a new stake in Qurate Retail Inc Series A during the first quarter worth $549,000. Waldron LP bought a new position in shares of Qurate Retail Inc Series A in the 1st quarter valued at $619,000. Finally, DnB Asset Management AS bought a new position in shares of Qurate Retail Inc Series A in the 2nd quarter valued at $1,180,000. Hedge funds and other institutional investors own 84.55% of the company’s stock.
Get Qurate Retail Inc Series A alerts:A number of brokerages have recently commented on QRTEA. ValuEngine cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. Citigroup dropped their price target on Qurate Retail Inc Series A from $25.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, June 19th. Aegis reiterated a “buy” rating and issued a $30.00 price target on shares of Qurate Retail Inc Series A in a research note on Monday, May 28th. B. Riley dropped their price target on Qurate Retail Inc Series A from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 22nd. Finally, Zacks Investment Research upgraded Qurate Retail Inc Series A from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research note on Tuesday, May 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.49.
Qurate Retail Inc Series A opened at $21.70 on Friday, according to Marketbeat Ratings. The firm has a market capitalization of $10.37 billion, a P/E ratio of 6.68, a P/E/G ratio of 1.00 and a beta of 1.36. Qurate Retail Inc Series A has a twelve month low of $20.15 and a twelve month high of $29.11. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.09 and a quick ratio of 0.71.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings data on Thursday, May 10th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.17 billion. Qurate Retail Inc Series A had a return on equity of 19.57% and a net margin of 11.15%. sell-side analysts anticipate that Qurate Retail Inc Series A will post 2.13 EPS for the current fiscal year.
Qurate Retail Inc Series A Profile
Qurate Retail Group, Inc markets and sells various consumer products primarily through live merchandise-focused televised shopping programs, Websites, and mobile applications. The company's Websites offers home, apparel, beauty, accessories, jewelry, and electronics products. It also operates as an online retailer of women's, children's, and men's apparel, and children's merchandise; and home, beauty, and personalized products, as well as retails its products through catalogs, and retail and outlet stores.
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