Reliance Trust Co. of Delaware Reduces Position in Qurate Retail Inc Series A (QRTEA)

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Reliance Trust Co. of Delaware lowered its holdings in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,296 shares of the company’s stock after selling 911 shares during the period. Reliance Trust Co. of Delaware’s holdings in Qurate Retail Inc Series A were worth $689,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in QRTEA. FMR LLC acquired a new position in Qurate Retail Inc Series A during the 2nd quarter worth approximately $265,833,000. Bank of New York Mellon Corp acquired a new position in Qurate Retail Inc Series A during the 2nd quarter worth approximately $43,883,000. Fox Run Management L.L.C. grew its holdings in Qurate Retail Inc Series A by 40.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 13,326 shares of the company’s stock worth $296,000 after acquiring an additional 3,853 shares in the last quarter. Atria Investments LLC acquired a new position in Qurate Retail Inc Series A during the 3rd quarter worth approximately $238,000. Finally, State of Alaska Department of Revenue grew its holdings in Qurate Retail Inc Series A by 4.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 156,651 shares of the company’s stock worth $3,477,000 after acquiring an additional 6,397 shares in the last quarter. Hedge funds and other institutional investors own 87.35% of the company’s stock.

QRTEA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Finally, Aegis upped their target price on shares of Qurate Retail Inc Series A from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, November 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.77.

Shares of Qurate Retail Inc Series A stock opened at $21.65 on Thursday. Qurate Retail Inc Series A has a 12-month low of $18.04 and a 12-month high of $29.11. The company has a quick ratio of 0.51, a current ratio of 0.97 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $9.84 billion, a PE ratio of 6.66, a P/E/G ratio of 1.92 and a beta of 1.09.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its earnings results on Friday, November 9th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Qurate Retail Inc Series A had a net margin of 9.88% and a return on equity of 22.24%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.19 billion. The company’s revenue was up 35.7% on a year-over-year basis. As a group, research analysts expect that Qurate Retail Inc Series A will post 2.12 earnings per share 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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