Virginia Retirement Systems ET AL lowered its position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 59.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 265,600 shares of the company’s stock after selling 386,600 shares during the period. Virginia Retirement Systems ET AL owned about 0.06% of Qurate Retail Inc Series A worth $5,899,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in QRTEA. BlackRock Inc. purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter valued at $464,441,000. FMR LLC bought a new position in Qurate Retail Inc Series A in the 2nd quarter worth $265,833,000. Artisan Partners Limited Partnership bought a new position in Qurate Retail Inc Series A in the 2nd quarter worth $194,682,000. Dimensional Fund Advisors LP bought a new position in Qurate Retail Inc Series A in the 2nd quarter worth $150,218,000. Finally, Makaira Partners LLC bought a new position in Qurate Retail Inc Series A in the 2nd quarter worth $137,677,000. 84.95% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ QRTEA opened at $24.52 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 0.57. Qurate Retail Inc Series A has a 12 month low of $20.00 and a 12 month high of $29.11. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 2.35 and a beta of 1.06.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Friday, November 9th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.19 billion. Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. The firm’s revenue for the quarter was up 35.7% compared to the same quarter last year. Equities research analysts expect that Qurate Retail Inc Series A will post 2.04 EPS for the current year.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Citigroup upped their price objective on shares of Qurate Retail Inc Series A from $18.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 17th. Finally, Aegis restated a “buy” rating and issued a $30.00 price objective on shares of Qurate Retail Inc Series A in a report on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $30.60.
In related news, Director Mark C. Vadon sold 122,574 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total value of $2,702,756.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael A. George purchased 220,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was acquired at an average price of $20.40 per share, with a total value of $4,500,240.00. The disclosure for this purchase can be found here. 0.01% of the stock is owned by company insiders.
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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. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.
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