BlackRock Inc. Has $332.29 Million Stake in Qurate Retail Inc Series A (NASDAQ:QRTEA)

BlackRock Inc. lowered its position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 0.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,794,210 shares of the company’s stock after selling 27,307 shares during the period. BlackRock Inc. owned approximately 4.78% of Qurate Retail Inc Series A worth $332,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QRTEA. Tech Square Trading LP acquired a new position in Qurate Retail Inc Series A in the first quarter worth $247,000. George Kaiser Family Foundation boosted its holdings in Qurate Retail Inc Series A by 27.2% in the first quarter. George Kaiser Family Foundation now owns 166,501 shares of the company’s stock worth $2,661,000 after purchasing an additional 35,652 shares during the period. Acadian Asset Management LLC boosted its holdings in Qurate Retail Inc Series A by 30.7% in the first quarter. Acadian Asset Management LLC now owns 11,568 shares of the company’s stock worth $185,000 after purchasing an additional 2,719 shares during the period. Roosevelt Investment Group Inc. boosted its holdings in Qurate Retail Inc Series A by 113.8% in the first quarter. Roosevelt Investment Group Inc. now owns 92,682 shares of the company’s stock worth $1,481,000 after purchasing an additional 49,324 shares during the period. Finally, Wetherby Asset Management Inc. acquired a new position in Qurate Retail Inc Series A in the first quarter worth $671,000. Institutional investors own 86.62% of the company’s stock.

QRTEA stock opened at $13.00 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 6.99 and a beta of 1.19. Qurate Retail Inc Series A has a 1 year low of $11.17 and a 1 year high of $25.03.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data 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). Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.19%. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Qurate Retail Inc Series A’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts predict that Qurate Retail Inc Series A will post 1.68 EPS for the current year.

In related news, Director John C. Malone acquired 800,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $12.48 per share, for a total transaction of $9,984,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 bought at an average price of $12.49 per share, for a total transaction of $1,249,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,144,568 shares of company stock worth $14,292,546. Company insiders own 0.01% of the company’s stock.

A number of research firms have commented on QRTEA. Citigroup raised shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $19.00 to $21.00 in a report on Friday, March 8th. Zacks Investment Research cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Craig Hallum reiterated a “buy” rating and issued a $24.00 target price (down from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday, May 13th. DA Davidson cut their target price on 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, ValuEngine cut Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.67.

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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.

See Also: Lock-Up Period Expiration

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

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