Qurate Retail (NASDAQ:QRTEA) Coverage Initiated by Analysts at StockNews.com

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

Qurate Retail Trading Up 2.4 %

Shares of Qurate Retail stock opened at $0.39 on Friday. The company’s fifty day moving average is $0.37 and its two-hundred day moving average is $0.52. Qurate Retail has a 1 year low of $0.31 and a 1 year high of $1.80. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The company has a market capitalization of $152.83 million, a P/E ratio of -0.54 and a beta of 2.68.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. Qurate Retail had a negative net margin of 2.71% and a positive return on equity of 23.22%. The company had revenue of $2.34 billion during the quarter.

Hedge Funds Weigh In On Qurate Retail

A number of large investors have recently bought and sold shares of the company. Parkwoods Wealth Partners LLC increased its stake in shares of Qurate Retail by 70.7% during the fourth quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock worth $30,000 after acquiring an additional 37,488 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new stake in Qurate Retail in the 4th quarter valued at approximately $156,000. Wilmington Savings Fund Society FSB acquired a new position in Qurate Retail during the 3rd quarter worth approximately $262,000. Virtu Financial LLC raised its stake in shares of Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after buying an additional 39,807 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Qurate Retail by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after buying an additional 168,109 shares during the period. Hedge funds and other institutional investors 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.