Simplify Asset Management Inc. Invests $220,000 in Qurate Retail, Inc. (NASDAQ:QRTEA)

Simplify Asset Management Inc. bought a new stake in Qurate Retail, Inc. (NASDAQ:QRTEA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 350,000 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norden Group LLC increased its position in Qurate Retail by 88.2% in the 1st quarter. Norden Group LLC now owns 28,306 shares of the company’s stock valued at $35,000 after acquiring an additional 13,263 shares in the last quarter. Walleye Trading LLC acquired a new stake in shares of Qurate Retail in the first quarter valued at approximately $31,000. Headlands Technologies LLC bought a new position in Qurate Retail in the 1st quarter worth approximately $33,000. Price T Rowe Associates Inc. MD lifted its holdings in Qurate Retail by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company’s stock worth $125,000 after buying an additional 26,700 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Qurate Retail by 8.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 370,801 shares of the company’s stock valued at $456,000 after buying an additional 28,646 shares during the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Qurate Retail

In other Qurate Retail news, insider Renee L. Wilm sold 75,789 shares of the 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 11.80% of the company’s stock.

Qurate Retail Stock Performance

Shares of NASDAQ:QRTEA opened at $0.62 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 10.65. Qurate Retail, Inc. has a 1-year low of $0.40 and a 1-year high of $1.80. The stock has a market capitalization of $241.67 million, a P/E ratio of -1.47 and a beta of 2.67. The business has a 50-day moving average price of $0.64 and a two-hundred day moving average price of $0.81.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter. Qurate Retail had a negative net margin of 2.44% and a positive return on equity of 33.57%. The company had revenue of $2.41 billion during the quarter.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Qurate Retail in a research report on Tuesday. They set a “hold” rating for the company.

Qurate Retail Profile

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.