Great Lakes Advisors LLC acquired a new position in Qurate Retail Inc Series A (NASDAQ:QRTEA) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 30,556 shares of the company’s stock, valued at approximately $679,000.

Several other hedge funds have also modified their holdings of QRTEA. Daiwa Securities Group Inc. purchased a new position in shares of Qurate Retail Inc Series A in the 2nd quarter valued at approximately $334,000. Aperio Group LLC purchased a new position in shares of Qurate Retail Inc Series A in the 2nd quarter valued at approximately $2,248,000. TD Asset Management Inc. purchased a new position in shares of Qurate Retail Inc Series A in the 2nd quarter valued at approximately $387,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Qurate Retail Inc Series A in the 2nd quarter valued at approximately $30,591,000. Finally, Comerica Bank purchased a new position in shares of Qurate Retail Inc Series A in the 2nd quarter valued at approximately $476,000. Hedge funds and other institutional investors own 86.95% of the company’s stock.

A number of brokerages have issued reports on QRTEA. Zacks Investment Research upgraded Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Citigroup lifted their price objective on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 17th. ValuEngine upgraded Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, Aegis reiterated a “buy” rating and set a $30.00 price objective on shares of Qurate Retail Inc Series A in a research note on Tuesday, August 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Qurate Retail Inc Series A currently has an average rating of “Buy” and an average target price of $30.71.

In other Qurate Retail Inc Series A news, Director Mark C. Vadon sold 122,574 shares of Qurate Retail Inc Series A stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $22.05, for a total value of $2,702,756.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.01% of the stock is currently owned by company insiders.

Shares of NASDAQ:QRTEA opened at $21.36 on Friday. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 6.57, a P/E/G ratio of 2.06 and a beta of 1.06. 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 debt-to-equity ratio of 1.02, a current ratio of 0.97 and a quick ratio of 0.51.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings data on Friday, November 9th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Qurate Retail Inc Series A had a return on equity of 22.24% and a net margin of 9.88%. The business’s revenue was up 35.7% compared to the same quarter last year. As a group, research analysts anticipate that Qurate Retail Inc Series A will post 2.14 EPS for the current year.

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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.

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

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