State Board of Administration of Florida Retirement System Has $8.24 Million Holdings in Qurate Retail Inc Series A (NASDAQ:QRTEA)

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State Board of Administration of Florida Retirement System lessened its holdings in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 664,804 shares of the company’s stock after selling 50,032 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Qurate Retail Inc Series A worth $8,237,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QRTEA. Dimensional Fund Advisors LP lifted its holdings in Qurate Retail Inc Series A by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,078,408 shares of the company’s stock valued at $138,170,000 after acquiring an additional 49,418 shares during the period. Geode Capital Management LLC raised its stake in Qurate Retail Inc Series A by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 4,302,866 shares of the company’s stock valued at $83,938,000 after purchasing an additional 121,432 shares during the last quarter. World Asset Management Inc raised its stake in Qurate Retail Inc Series A by 42.4% in the 1st quarter. World Asset Management Inc now owns 20,881 shares of the company’s stock valued at $334,000 after purchasing an additional 6,217 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Qurate Retail Inc Series A by 8.9% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 141,333 shares of the company’s stock valued at $2,259,000 after buying an additional 11,520 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Qurate Retail Inc Series A by 5,205.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,918 shares of the company’s stock worth $46,000 after purchasing an additional 2,863 shares during the period. Hedge funds and other institutional investors own 89.63% of the company’s stock.

Shares of Qurate Retail Inc Series A stock traded down $0.08 on Wednesday, reaching $10.57. 17,058 shares of the company were exchanged, compared to its average volume of 4,177,895. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.64 and a current ratio of 1.11. The company’s 50-day moving average is $12.77 and its two-hundred day moving average is $15.19. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.60 and a beta of 1.13. Qurate Retail Inc Series A has a 1-year low of $10.58 and a 1-year high of $25.03.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Qurate Retail Inc Series A had a return on equity of 14.15% and a net margin of 3.75%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. As a group, sell-side analysts forecast that Qurate Retail Inc Series A will post 1.6 earnings per share for the current year.

Several research firms recently issued reports on QRTEA. DA Davidson set a $16.00 target price on Qurate Retail Inc Series A and gave the stock a “buy” rating in a research note on Friday, August 9th. Craig Hallum restated a “buy” rating and set a $24.00 price target (down previously from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday, May 13th. Finally, Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.17.

About Qurate Retail Inc Series A

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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