IFM Investors Pty Ltd Has $538,000 Holdings in Qurate Retail Inc Series A (QRTEA)

IFM Investors Pty Ltd grew its stake in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 12.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,218 shares of the company’s stock after buying an additional 2,763 shares during the period. IFM Investors Pty Ltd’s holdings in Qurate Retail Inc Series A were worth $538,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC bought a new position in shares of Qurate Retail Inc Series A in the second quarter worth about $106,000. FTB Advisors Inc. increased its stake in shares of Qurate Retail Inc Series A by 1,192.2% in the second quarter. FTB Advisors Inc. now owns 5,311 shares of the company’s stock worth $111,000 after purchasing an additional 4,900 shares during the period. CENTRAL TRUST Co increased its stake in shares of Qurate Retail Inc Series A by 204.4% in the third quarter. CENTRAL TRUST Co now owns 5,981 shares of the company’s stock worth $133,000 after purchasing an additional 4,016 shares during the period. Bronfman E.L. Rothschild L.P. bought a new position in shares of Qurate Retail Inc Series A in the second quarter worth about $159,000. Finally, Icon Wealth Partners LLC bought a new position in shares of Qurate Retail Inc Series A in the second quarter worth about $161,000. 85.04% of the stock is owned by institutional investors.

In related news, CEO Michael A. George acquired 220,600 shares of the stock in a transaction dated Thursday, August 30th. The shares were bought at an average cost of $20.40 per share, for a total transaction of $4,500,240.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark C. Vadon sold 122,574 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total value of $2,702,756.70. The disclosure for this sale can be found here. Insiders own 0.01% of the company’s stock.



A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine upgraded Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Aegis reiterated a “buy” rating and issued a $30.00 price objective on shares of Qurate Retail Inc Series A in a research note on Tuesday, August 21st. Finally, Citigroup lifted their price objective on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.60.

Shares of QRTEA opened at $21.94 on Thursday. Qurate Retail Inc Series A has a 12-month low of $20.00 and a 12-month high of $29.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.57 and a current ratio of 1.00. The stock has a market cap of $9.84 billion, a P/E ratio of 6.75, a PEG ratio of 2.08 and a beta of 1.27.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.23 billion. Analysts anticipate that Qurate Retail Inc Series A will post 2.04 EPS for the current fiscal year.

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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