StockNews.com Initiates Coverage on Qurate Retail (NASDAQ:QRTEA)

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

Qurate Retail Stock Performance

QRTEA stock opened at $0.42 on Friday. The firm has a market cap of $167.24 million, a PE ratio of -0.59 and a beta of 2.63. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The stock has a 50-day moving average price of $0.52 and a 200-day moving average price of $0.61. Qurate Retail has a 1-year low of $0.35 and a 1-year high of $1.80.

Insider Activity at Qurate Retail

In other Qurate Retail news, insider Renee L. Wilm sold 75,789 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $0.97, for a total transaction of $73,515.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Qurate Retail

Several large investors have recently bought and sold shares of the stock. DoubleLine ETF Adviser LP boosted its holdings in shares of Qurate Retail by 97.3% in the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after buying an additional 19,265 shares during the last quarter. Walleye Trading LLC bought a new stake in Qurate Retail in the first quarter worth about $31,000. Empowered Funds LLC boosted its stake in Qurate Retail by 5.3% in the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after acquiring an additional 25,862 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $125,000 after acquiring an additional 26,700 shares during the period. Finally, Virtu Financial LLC increased 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 purchasing an additional 39,807 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors.

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.