DNB Asset Management AS decreased its position in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 12.6% in the first quarter, HoldingsChannel.com reports. The firm owned 99,422 shares of the company’s stock after selling 14,365 shares during the period. DNB Asset Management AS’s holdings in Qurate Retail Inc Series A were worth $1,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Essex Savings Bank purchased a new stake in Qurate Retail Inc Series A during the fourth quarter worth $26,000. QS Investors LLC purchased a new stake in shares of Qurate Retail Inc Series A during the 4th quarter valued at $26,000. Whittier Trust Co. lifted its holdings in shares of Qurate Retail Inc Series A by 797.1% during the 4th quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock valued at $36,000 after purchasing an additional 1,650 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Qurate Retail Inc Series A during the 4th quarter valued at $36,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Qurate Retail Inc Series A by 2,384.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock valued at $86,000 after purchasing an additional 1,609,986 shares during the last quarter. Hedge funds and other institutional investors own 87.97% of the company’s stock.

Several brokerages have recently commented on QRTEA. Evercore ISI assumed coverage on Qurate Retail Inc Series A in a report on Wednesday, March 20th. They set an “in-line” rating and a $20.00 price objective for the company. Citigroup raised Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and increased their price target for the stock from $19.00 to $21.00 in a research report on Friday, March 8th. DA Davidson cut their price target on Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Finally, Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research report on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.63.

Shares of QRTEA opened at $16.91 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 1.06. Qurate Retail Inc Series A has a fifty-two week low of $15.80 and a fifty-two week high of $25.74. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 9.09 and a beta of 0.96.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its earnings results on Wednesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.19). Qurate Retail Inc Series A had a return on equity of 15.39% and a net margin of 4.79%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. On average, analysts expect that Qurate Retail Inc Series A will post 1.86 EPS for the current year.

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Qurate Retail Inc Series A Profile

Qurate Retail, Inc, through 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 video programs, Websites, and mobile applications to 404 million households worldwide each day.

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Institutional Ownership by Quarter for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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