Qurate Retail Inc Series A (NASDAQ:QRTEA) Shares Acquired by Royal Bank of Canada

Share on StockTwits

Royal Bank of Canada lifted its position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 38.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 403,016 shares of the company’s stock after purchasing an additional 112,267 shares during the period. Royal Bank of Canada owned about 0.10% of Qurate Retail Inc Series A worth $4,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Qurate Retail Inc Series A by 3.6% in the 2nd quarter. BlackRock Inc. now owns 21,551,472 shares of the company’s stock valued at $267,023,000 after purchasing an additional 757,262 shares in the last quarter. Lyrical Asset Management LP raised its position in shares of Qurate Retail Inc Series A by 2.0% during the 2nd quarter. Lyrical Asset Management LP now owns 12,307,177 shares of the company’s stock worth $152,486,000 after purchasing an additional 241,316 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Qurate Retail Inc Series A by 50.2% during the 2nd quarter. AQR Capital Management LLC now owns 8,772,116 shares of the company’s stock worth $106,757,000 after purchasing an additional 2,931,215 shares during the last quarter. FMR LLC raised its position in shares of Qurate Retail Inc Series A by 9.8% during the 1st quarter. FMR LLC now owns 7,611,313 shares of the company’s stock worth $121,628,000 after purchasing an additional 679,691 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Qurate Retail Inc Series A by 25.9% during the 2nd quarter. Prudential Financial Inc. now owns 5,730,741 shares of the company’s stock worth $71,004,000 after purchasing an additional 1,178,693 shares during the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.

QRTEA has been the subject of several analyst reports. DA Davidson set a $16.00 price target on Qurate Retail Inc Series A and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine upgraded Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.17.

Shares of NASDAQ QRTEA opened at $9.99 on Friday. Qurate Retail Inc Series A has a 52-week low of $9.17 and a 52-week high of $25.03. The firm has a fifty day moving average of $10.67 and a 200-day moving average of $13.23. The stock has a market capitalization of $4.02 billion, a PE ratio of 5.28, a P/E/G ratio of 0.43 and a beta of 1.19. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.11.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. Qurate Retail Inc Series A had a net margin of 3.75% and a return on equity of 14.15%. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities research analysts expect that Qurate Retail Inc Series A will post 1.88 EPS 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: What does an outperform rating mean?

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

Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.