APG Asset Management N.V. acquired a new position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,230 shares of the company’s stock, valued at approximately $196,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of QRTEA. Beese Fulmer Investment Management Inc. bought a new stake in Qurate Retail Inc Series A in the 2nd quarter valued at approximately $34,000. US Bancorp DE lifted its position in shares of Qurate Retail Inc Series A by 59.6% in the first quarter. US Bancorp DE now owns 5,871 shares of the company’s stock worth $36,000 after purchasing an additional 2,192 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Qurate Retail Inc Series A by 52.6% during the second quarter. Rockefeller Capital Management L.P. now owns 5,623 shares of the company’s stock worth $53,000 after purchasing an additional 1,937 shares during the last quarter. Aigen Investment Management LP bought a new position in Qurate Retail Inc Series A in the first quarter valued at $57,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Qurate Retail Inc Series A in the 1st quarter valued at $71,000. 87.80% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on QRTEA shares. BidaskClub upgraded Qurate Retail Inc Series A from a “hold” rating to a “buy” rating in a report on Friday, September 11th. UBS Group increased their price objective on Qurate Retail Inc Series A from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Zacks Investment Research cut shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Thursday, September 3rd. Finally, Citigroup increased their price target on shares of Qurate Retail Inc Series A from $8.00 to $12.00 in a research note on Wednesday, June 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $13.00.
QRTEA stock opened at $6.16 on Wednesday. Qurate Retail Inc Series A has a 1-year low of $3.01 and a 1-year high of $12.54. The business’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $8.40. The company has a current ratio of 1.12, a quick ratio of 0.77 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $2.57 billion, a PE ratio of -5.98, a PEG ratio of 1.81 and a beta of 1.36.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings data on Monday, August 10th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.01 billion. Qurate Retail Inc Series A had a negative net margin of 3.15% and a positive return on equity of 15.92%. As a group, sell-side analysts predict that Qurate Retail Inc Series A will post 2.06 EPS for the current fiscal year.
The business also recently declared a dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, August 31st were issued a $1.50 dividend. The ex-dividend date of this dividend was Friday, August 28th.
Qurate Retail Inc Series A 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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