Qurate Retail Inc Series A (QRTEA) is George Kaiser Family Foundation’s 7th Largest Position

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George Kaiser Family Foundation raised its position in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 27.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,501 shares of the company’s stock after purchasing an additional 35,652 shares during the quarter. Qurate Retail Inc Series A accounts for approximately 0.9% of George Kaiser Family Foundation’s holdings, making the stock its 7th largest holding. George Kaiser Family Foundation’s holdings in Qurate Retail Inc Series A were worth $2,661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QRTEA. JPMorgan Chase & Co. raised its holdings in Qurate Retail Inc Series A by 14.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,387 shares of the company’s stock valued at $6,494,000 after acquiring an additional 36,675 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Qurate Retail Inc Series A by 350.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 362,626 shares of the company’s stock valued at $7,078,000 after purchasing an additional 282,190 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Qurate Retail Inc Series A by 11.8% in the 4th quarter. IFM Investors Pty Ltd now owns 27,079 shares of the company’s stock valued at $529,000 after purchasing an additional 2,861 shares during the period. Metropolis Capital Ltd bought a new stake in shares of Qurate Retail Inc Series A in the 4th quarter valued at approximately $29,166,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Qurate Retail Inc Series A by 4.5% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 27,373 shares of the company’s stock valued at $534,000 after purchasing an additional 1,169 shares during the period. 87.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on QRTEA. Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and increased their price target for the stock from $19.00 to $21.00 in a research report on Friday, March 8th. Evercore ISI assumed coverage on Qurate Retail Inc Series A in a research report on Wednesday, March 20th. They issued an “in-line” rating and a $20.00 price objective on the stock. ValuEngine lowered Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. DA Davidson decreased their price objective on Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Finally, Bank of America lowered 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 issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.67.

QRTEA stock opened at $13.12 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 1.02. The firm has a market capitalization of $5.95 billion, a PE ratio of 7.05 and a beta of 0.99. Qurate Retail Inc Series A has a twelve month low of $11.17 and a twelve month high of $25.03.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.25 billion. Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.19%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. On average, analysts expect that Qurate Retail Inc Series A will post 1.68 earnings per share for the current fiscal year.

In related news, Director John C. Malone acquired 800,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $12.48 per share, for a total transaction of $9,984,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Gregory B. Maffei acquired 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of $12.49 per share, with a total value of $1,249,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,144,568 shares of company stock worth $14,292,546 in the last ninety days. 0.01% of the stock is currently owned by company insiders.

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

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