ProShare Advisors LLC Has $46.06 Million Stock Position in Qurate Retail, Inc. (NASDAQ:QRTEA)


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ProShare Advisors LLC raised its holdings in Qurate Retail, Inc. (NASDAQ:QRTEA) by 68.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,198,810 shares of the company’s stock after acquiring an additional 1,710,882 shares during the quarter. ProShare Advisors LLC owned approximately 1.01% of Qurate Retail worth $46,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE increased its position in shares of Qurate Retail by 17.7% during the fourth quarter. US Bancorp DE now owns 6,655 shares of the company’s stock worth $73,000 after buying an additional 1,000 shares during the period. IFP Advisors Inc increased its position in shares of Qurate Retail by 22.7% during the third quarter. IFP Advisors Inc now owns 9,490 shares of the company’s stock worth $68,000 after buying an additional 1,753 shares during the period. Cardan Capital Partners LLC increased its position in shares of Qurate Retail by 4.2% during the fourth quarter. Cardan Capital Partners LLC now owns 51,608 shares of the company’s stock worth $566,000 after buying an additional 2,080 shares during the period. Boyar Asset Management Inc. increased its position in shares of Qurate Retail by 5.3% during the third quarter. Boyar Asset Management Inc. now owns 44,016 shares of the company’s stock worth $316,000 after buying an additional 2,217 shares during the period. Finally, Proequities Inc. increased its position in shares of Qurate Retail by 27.8% during the fourth quarter. Proequities Inc. now owns 10,558 shares of the company’s stock worth $116,000 after buying an additional 2,296 shares during the period. Hedge funds and other institutional investors own 87.19% of the company’s stock.

In other Qurate Retail news, CEO Michael A. George sold 100,000 shares of the firm’s stock in a transaction on Monday, January 4th. The shares were sold at an average price of $10.67, for a total value of $1,067,000.00. Following the transaction, the chief executive officer now directly owns 2,505,676 shares of the company’s stock, valued at $26,735,562.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.79% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the stock. Smith Barney Citigroup cut shares of Qurate Retail from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 15th. Zacks Investment Research raised shares of Qurate Retail from a “sell” rating to a “hold” rating in a research note on Tuesday, January 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of Qurate Retail from a “buy” rating to a “neutral” rating and increased their target price for the stock from $10.00 to $11.00 in a research note on Tuesday, December 15th. Finally, Bank of America raised shares of Qurate Retail from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $7.00 to $9.00 in a research note on Friday, November 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.40.

Shares of NASDAQ QRTEA opened at $13.09 on Tuesday. The firm has a market cap of $5.46 billion, a PE ratio of 8.08, a P/E/G ratio of 0.92 and a beta of 2.03. Qurate Retail, Inc. has a 12-month low of $2.01 and a 12-month high of $13.76. The company’s fifty day simple moving average is $12.33 and its 200 day simple moving average is $10.05. The company has a quick ratio of 0.69, a current ratio of 1.05 and a debt-to-equity ratio of 1.40.

Qurate Retail Company 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 television, programs, Websites, and mobile applications to approximately 380 million households worldwide.

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

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