Qurate Retail Inc Series A (QRTEA) Holdings Trimmed by IBM Retirement Fund

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IBM Retirement Fund lessened its position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,860 shares of the company’s stock after selling 650 shares during the quarter. IBM Retirement Fund’s holdings in Qurate Retail Inc Series A were worth $212,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Essex Savings Bank bought a new stake in Qurate Retail Inc Series A in the fourth quarter worth $26,000. QS Investors LLC bought a new position in shares of Qurate Retail Inc Series A during the fourth quarter valued at $26,000. Whittier Trust Co. lifted its holdings in shares of Qurate Retail Inc Series A by 797.1% during the fourth quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock valued at $36,000 after purchasing an additional 1,650 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Qurate Retail Inc Series A by 2,384.3% during the fourth 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 in the last quarter. Finally, Proequities Inc. bought a new position in shares of Qurate Retail Inc Series A during the third quarter valued at $119,000. 86.75% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ QRTEA opened at $17.35 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.06 and a quick ratio of 0.69. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 9.33 and a beta of 0.98. Qurate Retail Inc Series A has a twelve month low of $16.77 and a twelve month high of $26.10.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings results on Wednesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.19). Qurate Retail Inc Series A had a net margin of 4.79% and a return on equity of 15.39%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. Research analysts expect that Qurate Retail Inc Series A will post 1.86 earnings per share for the current fiscal year.

A number of analysts have commented on the company. Evercore ISI assumed coverage on Qurate Retail Inc Series A in a research report on Wednesday. They issued an “in-line” rating and a $20.00 price target for the company. Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and upped their price target for the stock from $19.00 to $21.00 in a research report on Friday, March 8th. Zacks Investment Research cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. ValuEngine cut Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Finally, Bank of America cut Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research report on Thursday, February 28th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Qurate Retail Inc Series A has a consensus rating of “Hold” and an average price target of $26.63.

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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. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

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

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