Raymond James Trust N.A. lowered its position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 13.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,908 shares of the company’s stock after selling 2,679 shares during the period. Raymond James Trust N.A.’s holdings in Qurate Retail Inc Series A were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of QRTEA. Essex Savings Bank bought a new stake in Qurate Retail Inc Series A during the fourth quarter worth about $26,000. QS Investors LLC bought a new stake in Qurate Retail Inc Series A during the fourth quarter worth about $26,000. Whittier Trust Co. lifted its stake in Qurate Retail Inc Series A by 797.1% during the fourth quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock worth $36,000 after purchasing an additional 1,650 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Qurate Retail Inc Series A in the fourth quarter worth about $36,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Qurate Retail Inc Series A by 2,384.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock worth $86,000 after buying an additional 1,609,986 shares during the period. 87.97% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on QRTEA. Evercore ISI began coverage on Qurate Retail Inc Series A in a report on Wednesday, March 20th. They issued an “in-line” rating and a $20.00 price objective on the stock. Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $19.00 to $21.00 in a report on Friday, March 8th. DA Davidson decreased their price objective on Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a report on Friday, March 1st. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Finally, Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.63.

QRTEA stock opened at $16.78 on Monday. Qurate Retail Inc Series A has a fifty-two week low of $15.80 and a fifty-two week high of $25.72. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 9.02 and a beta of 0.96.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings results on Wednesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.19). Qurate Retail Inc Series A had a return on equity of 15.39% and a net margin of 4.79%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts expect that Qurate Retail Inc Series A will post 1.86 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. 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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