Sumitomo Mitsui Trust Holdings Inc. Has $17.42 Million Holdings in Qurate Retail Inc Series A (NASDAQ:QRTEA)

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Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,689,006 shares of the company’s stock after selling 132,521 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Qurate Retail Inc Series A were worth $17,422,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QRTEA. ARGA Investment Management LP lifted its stake in Qurate Retail Inc Series A by 28.1% in the 3rd quarter. ARGA Investment Management LP now owns 14,767 shares of the company’s stock valued at $152,000 after purchasing an additional 3,242 shares during the last quarter. Mercer Capital Advisers Inc. bought a new position in Qurate Retail Inc Series A in the 3rd quarter valued at approximately $77,000. Hartford Investment Management Co. bought a new position in Qurate Retail Inc Series A in the 3rd quarter valued at approximately $993,000. Teacher Retirement System of Texas lifted its stake in Qurate Retail Inc Series A by 11.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 797,050 shares of the company’s stock valued at $8,222,000 after purchasing an additional 82,677 shares during the last quarter. Finally, Icon Wealth Partners LLC lifted its stake in Qurate Retail Inc Series A by 19.2% in the 3rd quarter. Icon Wealth Partners LLC now owns 13,753 shares of the company’s stock valued at $142,000 after purchasing an additional 2,213 shares during the last quarter. Hedge funds and other institutional investors own 91.18% of the company’s stock.

Several equities analysts have issued reports on QRTEA shares. Zacks Investment Research upgraded shares of Qurate Retail Inc Series A from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, October 18th. ValuEngine upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, DA Davidson set a $16.00 price target on shares of Qurate Retail Inc Series A and gave the company a “buy” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.50.

Shares of NASDAQ QRTEA opened at $9.40 on Friday. Qurate Retail Inc Series A has a 52-week low of $9.11 and a 52-week high of $25.03. The stock has a market cap of $4.07 billion, a P/E ratio of 5.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.16. The firm has a 50 day moving average price of $9.83 and a two-hundred day moving average price of $12.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.64 and a current ratio of 1.11.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Analysts predict that Qurate Retail Inc Series A will post 1.88 earnings per share for the current fiscal year.

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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