Qurate Retail (NASDAQ:QRTEA) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report published on Sunday morning. The brokerage issued a hold rating on the stock.

Qurate Retail Price Performance

Shares of NASDAQ QRTEA opened at $0.42 on Friday. The business’s 50 day moving average price is $0.52 and its two-hundred day moving average price is $0.61. The company has a market cap of $167.24 million, a PE ratio of -0.59 and a beta of 2.63. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. Qurate Retail has a twelve month low of $0.35 and a twelve month high of $1.80.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 75,789 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $0.97, for a total value of $73,515.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Qurate Retail

Institutional investors have recently modified their holdings of the business. DoubleLine ETF Adviser LP boosted its holdings in shares of Qurate Retail by 97.3% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock valued at $25,000 after acquiring an additional 19,265 shares in the last quarter. Walleye Trading LLC bought a new stake in shares of Qurate Retail during the first quarter worth about $31,000. Virtu Financial LLC increased its stake in shares of Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after buying an additional 39,807 shares during the period. Mackenzie Financial Corp raised its holdings in Qurate Retail by 100.9% in the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after buying an additional 52,706 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after buying an additional 114,736 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.

About Qurate Retail

Qurate Retail, Inc, together with 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 merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.