Fmr LLC Purchases 679,691 Shares of Qurate Retail Inc Series A (NASDAQ:QRTEA)

FMR LLC grew its holdings in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 9.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,611,313 shares of the company’s stock after acquiring an additional 679,691 shares during the quarter. FMR LLC owned about 1.77% of Qurate Retail Inc Series A worth $121,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new position in Qurate Retail Inc Series A during the first quarter worth $129,000. Marshall Wace LLP acquired a new position in Qurate Retail Inc Series A during the first quarter worth $182,000. Alera Investment Advisors LLC raised its holdings in Qurate Retail Inc Series A by 1,196.4% during the first quarter. Alera Investment Advisors LLC now owns 2,541 shares of the company’s stock worth $41,000 after purchasing an additional 2,345 shares during the last quarter. Trexquant Investment LP acquired a new position in Qurate Retail Inc Series A during the first quarter worth $3,445,000. Finally, Zuckerman Investment Group LLC acquired a new position in Qurate Retail Inc Series A during the first quarter worth $6,173,000. Institutional investors and hedge funds own 86.25% of the company’s stock.

QRTEA has been the subject of a number of recent analyst reports. Evercore ISI initiated coverage on Polarityte in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price objective for the company. Zacks Investment Research downgraded HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Craig Hallum reissued a “buy” rating and set a $12.00 price target (up previously from $10.00) on shares of Akoustis Technologies in a research report on Monday, May 13th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.67.

In related news, Director John C. Malone purchased 800,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $12.48 per share, with a total value of $9,984,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael A. George purchased 244,568 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $12.51 per share, for a total transaction of $3,059,545.68. The disclosure for this purchase can be found here. Insiders bought 1,144,568 shares of company stock valued at $14,292,546 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.

QRTEA stock traded up $0.16 on Thursday, reaching $12.66. The company’s stock had a trading volume of 3,321,255 shares, compared to its average volume of 3,489,840. Qurate Retail Inc Series A has a 52 week low of $11.17 and a 52 week high of $25.03. The company has a market capitalization of $5.37 billion, a P/E ratio of 6.81 and a beta of 1.12. The business has a fifty day simple moving average of $12.69. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.02 and a quick ratio of 0.59.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.35 earnings per share (EPS) 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 firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Research analysts anticipate that Qurate Retail Inc Series A will post 1.59 earnings per share for the current fiscal year.

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.

Further Reading: Neutral Rating

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

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