Credit Suisse AG boosted its position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 5.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 643,738 shares of the company’s stock after buying an additional 35,925 shares during the period. Credit Suisse AG owned approximately 0.14% of Qurate Retail Inc Series A worth $14,297,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC bought a new position in shares of Qurate Retail Inc Series A in the second quarter worth about $106,000. FTB Advisors Inc. raised its holdings in Qurate Retail Inc Series A by 1,192.2% in the 2nd quarter. FTB Advisors Inc. now owns 5,311 shares of the company’s stock valued at $111,000 after buying an additional 4,900 shares during the last quarter. CENTRAL TRUST Co raised its holdings in Qurate Retail Inc Series A by 204.4% in the 3rd quarter. CENTRAL TRUST Co now owns 5,981 shares of the company’s stock valued at $133,000 after buying an additional 4,016 shares during the last quarter. Bronfman E.L. Rothschild L.P. bought a new position in Qurate Retail Inc Series A in the 2nd quarter valued at approximately $159,000. Finally, Icon Wealth Partners LLC bought a new position in Qurate Retail Inc Series A in the 2nd quarter valued at approximately $161,000. 86.95% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “buy” rating to a “hold” rating in a report on Friday, November 16th. ValuEngine upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Aegis raised their price objective on shares of Qurate Retail Inc Series A from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, November 19th. Finally, Citigroup raised their price target 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.71.
In other news, Director Mark C. Vadon sold 122,574 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total transaction of $2,702,756.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.01% of the company’s stock.
Qurate Retail Inc Series A stock opened at $22.03 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.97 and a quick ratio of 0.51. Qurate Retail Inc Series A has a 52-week low of $20.00 and a 52-week high of $29.11. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 2.16 and a beta of 1.06.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Friday, November 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm 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 9.88% and a return on equity of 22.24%. The business’s revenue was up 35.7% on a year-over-year basis. Analysts forecast that Qurate Retail Inc Series A will post 2.14 earnings per share for the current year.
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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. 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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