Qurate Retail Inc Series A (NASDAQ:QRTEA) shares traded up 5.9% during mid-day trading on Monday . The stock traded as high as $11.97 and last traded at $11.84, 2,714,726 shares changed hands during trading. A decline of 25% from the average session volume of 3,614,317 shares. The stock had previously closed at $11.18.

QRTEA has been the subject of a number of recent analyst reports. DA Davidson set a $16.00 target price on Qurate Retail Inc Series A and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research cut shares of 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 assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.17.

The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average price is $12.25 and its two-hundred day moving average price is $14.40. The stock has a market cap of $5.07 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.19.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $3.11 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. Qurate Retail Inc Series A’s revenue was down 3.8% on a year-over-year basis. As a group, analysts expect that Qurate Retail Inc Series A will post 1.7 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Qurate Retail Inc Series A by 3.6% during the 2nd quarter. BlackRock Inc. now owns 21,551,472 shares of the company’s stock valued at $267,023,000 after acquiring an additional 757,262 shares during the period. Lyrical Asset Management LP grew its holdings in Qurate Retail Inc Series A by 2.0% in the second 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 period. AQR Capital Management LLC grew its holdings in Qurate Retail Inc Series A by 50.2% in the second 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 period. FMR LLC increased its stake in shares of Qurate Retail Inc Series A by 9.8% during the first quarter. FMR LLC now owns 7,611,313 shares of the company’s stock valued at $121,628,000 after purchasing an additional 679,691 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Qurate Retail Inc Series A by 25.9% during the second quarter. Prudential Financial Inc. now owns 5,730,741 shares of the company’s stock valued at $71,004,000 after purchasing an additional 1,178,693 shares in the last quarter. Institutional investors own 90.80% of the company’s stock.

Qurate Retail Inc Series A Company Profile (NASDAQ:QRTEA)

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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