Qurate Retail Inc Series A (NASDAQ:QRTEA) Shares Gap Down to $9.11

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Qurate Retail Inc Series A (NASDAQ:QRTEA) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.07, but opened at $9.11. Qurate Retail Inc Series A shares last traded at $9.19, with a volume of 192,057 shares changing hands.

A number of analysts recently commented on QRTEA shares. Zacks Investment Research lowered Qurate Retail Inc Series A from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. UBS Group cut their price objective on Qurate Retail Inc Series A from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Craig Hallum reduced their price objective on Qurate Retail Inc Series A from $24.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Evercore ISI reaffirmed a “hold” rating on shares of Qurate Retail Inc Series A in a research report on Wednesday, November 13th. Finally, ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.83.

The stock’s 50 day simple moving average is $9.65 and its two-hundred day simple moving average is $11.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.14 and a quick ratio of 0.64. The stock has a market capitalization of $3.93 billion, a PE ratio of 4.87, a PEG ratio of 0.55 and a beta of 1.13.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Qurate Retail Inc Series A had a negative net margin of 2.37% and a positive return on equity of 14.94%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. Qurate Retail Inc Series A’s revenue was down 4.4% on a year-over-year basis. As a group, equities research analysts predict that Qurate Retail Inc Series A will post 1.92 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen Asset Management LLC purchased a new position in shares of Qurate Retail Inc Series A in the second quarter worth $36,510,000. AQR Capital Management LLC raised its stake in shares of 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 buying an additional 2,931,215 shares during the period. International Value Advisers LLC lifted its position in shares of Qurate Retail Inc Series A by 55.2% during the 2nd quarter. International Value Advisers LLC now owns 5,659,240 shares of the company’s stock valued at $70,118,000 after buying an additional 2,012,010 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Qurate Retail Inc Series A by 58.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 4,856,078 shares of the company’s stock valued at $60,167,000 after buying an additional 1,783,548 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Qurate Retail Inc Series A by 25.9% during the 2nd quarter. Prudential Financial Inc. now owns 5,730,741 shares of the company’s stock valued at $71,004,000 after acquiring an additional 1,178,693 shares during the period. 89.63% of the stock is owned by institutional investors.

About Qurate Retail Inc Series A (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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