Virginia Retirement Systems ET AL trimmed its position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 59.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 265,600 shares of the company’s stock after selling 386,600 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Qurate Retail Inc Series A were worth $5,899,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in QRTEA. Rockefeller Capital Management L.P. boosted its holdings in shares of Qurate Retail Inc Series A by 8,494.4% in the third quarter. Rockefeller Capital Management L.P. now owns 10,829 shares of the company’s stock worth $241,000 after buying an additional 10,703 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Qurate Retail Inc Series A by 2.7% in the third quarter. Wells Fargo & Company MN now owns 2,763,174 shares of the company’s stock worth $61,371,000 after buying an additional 73,117 shares during the last quarter. Comerica Bank boosted its holdings in shares of Qurate Retail Inc Series A by 636.9% in the third quarter. Comerica Bank now owns 159,648 shares of the company’s stock worth $3,576,000 after buying an additional 137,982 shares during the last quarter. Private Advisor Group LLC bought a new stake in Qurate Retail Inc Series A during the 3rd quarter worth approximately $209,000. Finally, Engineers Gate Manager LP bought a new stake in Qurate Retail Inc Series A during the 3rd quarter worth approximately $2,757,000. 84.95% of the stock is currently owned by institutional investors.

QRTEA has been the topic of a number of recent analyst reports. Aegis restated a “buy” rating and set a $30.00 target price on shares of Qurate Retail Inc Series A in a research note on Tuesday, August 21st. Zacks Investment Research upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Citigroup raised their target price on shares of Qurate Retail Inc Series A from $18.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 17th. Finally, ValuEngine upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Qurate Retail Inc Series A has an average rating of “Buy” and an average target price of $30.60.

NASDAQ QRTEA opened at $24.52 on Friday. Qurate Retail Inc Series A has a 12 month low of $20.00 and a 12 month high of $29.11. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 2.35 and a beta of 1.06. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 1.08.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its earnings results on Friday, November 9th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.19 billion. The business’s revenue was up 35.7% on a year-over-year basis. As a group, analysts expect that Qurate Retail Inc Series A will post 2.04 earnings per share for the current year.

In other news, Director Mark C. Vadon sold 122,574 shares of Qurate Retail Inc Series A stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total transaction of $2,702,756.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael A. George acquired 220,600 shares of Qurate Retail Inc Series A stock in a transaction dated Thursday, August 30th. The shares were bought at an average price of $20.40 per share, for a total transaction of $4,500,240.00. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by company insiders.

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

Further Reading: Earnings Per Share

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

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