Qurate Retail Inc Series A (NASDAQ:QRTEA) CEO Michael A. George purchased 244,568 shares of the stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $12.51 per share, with a total value of $3,059,545.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NASDAQ:QRTEA traded up $0.11 during mid-day trading on Wednesday, reaching $12.75. The company’s stock had a trading volume of 5,461,000 shares, compared to its average volume of 3,164,095. Qurate Retail Inc Series A has a 12-month low of $11.17 and a 12-month high of $25.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 1.06. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 6.85 and a beta of 0.99.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its earnings results on Thursday, May 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Qurate Retail Inc Series A had a return on equity of 14.06% and a net margin of 4.22%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the firm posted $0.42 EPS. Qurate Retail Inc Series A’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, research analysts predict that Qurate Retail Inc Series A will post 1.68 earnings per share for the current year.

Several research firms have recently issued reports on QRTEA. Citigroup raised Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and lifted their price target for the stock from $19.00 to $21.00 in a research report on Friday, March 8th. Zacks Investment Research lowered Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Craig Hallum reissued a “buy” rating and issued a $24.00 target price (down previously from $30.00) on shares of Qurate Retail Inc Series A in a research report on Monday. DA Davidson decreased their target price on Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Finally, ValuEngine lowered Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.43.

A number of large investors have recently modified their holdings of QRTEA. Norges Bank bought a new stake in shares of Qurate Retail Inc Series A during the 4th quarter valued at about $74,476,000. Oregon Public Employees Retirement Fund grew its stake in shares of Qurate Retail Inc Series A by 2,384.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock valued at $86,000 after purchasing an additional 1,609,986 shares during the period. Metropolis Capital Ltd bought a new stake in shares of Qurate Retail Inc Series A during the 4th quarter valued at about $29,166,000. Wedge Capital Management L L P NC grew its stake in shares of Qurate Retail Inc Series A by 74.0% during the 1st 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 during the period. Finally, South Texas Money Management Ltd. bought a new stake in shares of Qurate Retail Inc Series A during the 4th quarter valued at about $19,418,000. 87.86% of the stock is owned by institutional investors and hedge funds.

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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.

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