Qurate Retail, Inc. (NASDAQ:QRTEA) Director John C. Malone Sells 175,261 Shares

Qurate Retail, Inc. (NASDAQ:QRTEA) Director John C. Malone sold 175,261 shares of the business’s stock in a transaction dated Thursday, June 10th. The stock was sold at an average price of $13.54, for a total value of $2,373,033.94. Following the transaction, the director now owns 29,444,360 shares of the company’s stock, valued at $398,676,634.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Qurate Retail stock opened at $13.49 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.98 and a quick ratio of 0.65. The stock has a market cap of $5.52 billion, a P/E ratio of 3.99 and a beta of 2.03. The stock has a 50 day moving average of $12.75. Qurate Retail, Inc. has a twelve month low of $5.51 and a twelve month high of $14.62.

Qurate Retail (NASDAQ:QRTEA) last posted its quarterly earnings results on Friday, May 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.17. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.06 billion. Qurate Retail had a return on equity of 32.63% and a net margin of 9.80%. The business’s revenue was up 14.3% compared to the same quarter last year. Research analysts predict that Qurate Retail, Inc. will post 2.2 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on QRTEA shares. Bank of America started coverage on Qurate Retail in a report on Thursday, April 15th. They issued a “buy” rating for the company. Zacks Investment Research raised Qurate Retail from a “sell” rating to a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Qurate Retail presently has a consensus rating of “Hold” and an average price target of $10.80.

Several institutional investors have recently bought and sold shares of the stock. Childress Capital Advisors LLC purchased a new stake in Qurate Retail during the 4th quarter valued at $35,000. Wealthcare Advisory Partners LLC purchased a new stake in Qurate Retail during the 1st quarter valued at $39,000. Federated Hermes Inc. purchased a new stake in Qurate Retail during the 1st quarter valued at $46,000. Advisory Services Network LLC boosted its stake in Qurate Retail by 78.0% during the 4th quarter. Advisory Services Network LLC now owns 5,579 shares of the company’s stock valued at $61,000 after purchasing an additional 2,444 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in Qurate Retail by 86.6% during the 1st quarter. Pinebridge Investments L.P. now owns 5,614 shares of the company’s stock valued at $66,000 after purchasing an additional 2,606 shares during the last quarter. Institutional investors own 86.04% 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 live televised shopping programs, Internet, and mobile applications to approximately 218 million households.

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