Qurate Retail Inc Series A (QRTEA) Chairman Gregory B. Maffei Buys 100,000 Shares

Qurate Retail Inc Series A (NASDAQ:QRTEA) Chairman Gregory B. Maffei acquired 100,000 shares of Qurate Retail Inc Series A stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of $12.49 per share, with a total value of $1,249,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:QRTEA traded up $0.11 during mid-day trading on Wednesday, hitting $12.75. The company had a trading volume of 5,461,000 shares, compared to its average volume of 3,164,095. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.06 and a quick ratio of 0.69. Qurate Retail Inc Series A has a 1 year low of $11.17 and a 1 year high of $25.03. The firm has a market capitalization of $5.44 billion, a PE ratio of 6.85 and a beta of 0.99.

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

A number of large investors have recently added to or reduced their stakes in QRTEA. Nissay Asset Management Corp Japan ADV boosted its stake in Qurate Retail Inc Series A by 1.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 33,864 shares of the company’s stock valued at $661,000 after acquiring an additional 465 shares during the period. Creative Planning boosted its stake in Qurate Retail Inc Series A by 3.7% in the fourth quarter. Creative Planning now owns 13,417 shares of the company’s stock valued at $262,000 after acquiring an additional 473 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Qurate Retail Inc Series A by 2.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 25,643 shares of the company’s stock valued at $501,000 after acquiring an additional 605 shares during the period. Wrapmanager Inc. boosted its stake in Qurate Retail Inc Series A by 4.6% in the first quarter. Wrapmanager Inc. now owns 18,174 shares of the company’s stock valued at $290,000 after acquiring an additional 803 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Qurate Retail Inc Series A by 5.9% in the first quarter. Advisors Asset Management Inc. now owns 18,249 shares of the company’s stock valued at $292,000 after acquiring an additional 1,009 shares during the period. 87.86% of the stock is currently owned by institutional investors.

QRTEA has been the subject of a number of analyst reports. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research note on Thursday, February 28th. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. DA Davidson dropped their price objective on Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and increased their target price for the company from $19.00 to $21.00 in a report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Qurate Retail Inc Series A currently has a consensus rating of “Hold” and an average target price of $25.43.

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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. 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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