Qurate Retail Inc Series A (QRTEA) CEO Michael A. George Acquires 244,568 Shares

Qurate Retail Inc Series A (NASDAQ:QRTEA) CEO Michael A. George acquired 244,568 shares of the stock in a transaction dated Monday, May 13th. The shares were bought at an average price of $12.51 per share, for a total transaction of $3,059,545.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of QRTEA stock traded up $0.77 on Thursday, hitting $13.42. 4,954,106 shares of the company’s stock traded hands, compared to its average volume of 3,164,095. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 1.06. Qurate Retail Inc Series A has a one year low of $11.17 and a one year high of $25.03. The firm has a market cap of $5.44 billion, a P/E ratio of 7.21 and a beta of 0.99.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its earnings results on Thursday, May 9th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the business posted $0.42 EPS. Qurate Retail Inc Series A’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, analysts forecast that Qurate Retail Inc Series A will post 1.68 EPS for the current year.

QRTEA has been the topic of several research reports. DA Davidson lowered their price objective on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Bank of America cut shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research report on Thursday, February 28th. ValuEngine cut shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Zacks Investment Research cut shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Finally, Citigroup raised shares of 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 analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.43.

Several hedge funds have recently added to or reduced their stakes in QRTEA. Nissay Asset Management Corp Japan ADV grew its holdings in Qurate Retail Inc Series A by 1.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,864 shares of the company’s stock worth $661,000 after acquiring an additional 465 shares during the last quarter. Creative Planning grew its holdings in Qurate Retail Inc Series A by 3.7% in the 4th quarter. Creative Planning now owns 13,417 shares of the company’s stock worth $262,000 after acquiring an additional 473 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Qurate Retail Inc Series A by 2.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 25,643 shares of the company’s stock worth $501,000 after acquiring an additional 605 shares during the last quarter. Wrapmanager Inc. grew its holdings in Qurate Retail Inc Series A by 4.6% in the 1st quarter. Wrapmanager Inc. now owns 18,174 shares of the company’s stock worth $290,000 after acquiring an additional 803 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Qurate Retail Inc Series A by 5.9% in the 1st quarter. Advisors Asset Management Inc. now owns 18,249 shares of the company’s stock worth $292,000 after acquiring an additional 1,009 shares during the last quarter. 87.86% of the stock is currently owned by institutional investors.

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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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