QVC Group (NASDAQ:QVCGA) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of QVC Group (NASDAQ:QVCGA) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

QVC Group Trading Down 3.1%

Shares of QVC Group stock opened at $3.15 on Friday. The company has a market capitalization of $25.42 million, a P/E ratio of -0.01 and a beta of 2.78. The stock has a fifty day simple moving average of $7.66 and a 200 day simple moving average of $9.60. QVC Group has a 12-month low of $2.27 and a 12-month high of $15.98.

Institutional Investors Weigh In On QVC Group

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of QVC Group by 39.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 995,190 shares of the company’s stock worth $10,410,000 after purchasing an additional 281,301 shares during the period. Vanguard Group Inc. grew its holdings in QVC Group by 7.5% during the third quarter. Vanguard Group Inc. now owns 614,929 shares of the company’s stock valued at $8,295,000 after purchasing an additional 42,913 shares during the period. Permit Capital LLC grew its holdings in QVC Group by 7.3% during the fourth quarter. Permit Capital LLC now owns 388,062 shares of the company’s stock valued at $4,059,000 after purchasing an additional 26,272 shares during the period. Wittenberg Investment Management Inc. increased its position in QVC Group by 41.0% in the fourth quarter. Wittenberg Investment Management Inc. now owns 114,193 shares of the company’s stock worth $1,194,000 after buying an additional 33,231 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in QVC Group by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 90,206 shares of the company’s stock worth $944,000 after buying an additional 1,940 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

QVC Group Company Profile

QVC Group (NASDAQ:QVCGA) is a global omnichannel retailer specializing in video- and live-based shopping experiences across television, digital and mobile platforms. Founded in 1986 and headquartered in West Chester, Pennsylvania, the company offers an extensive range of products including fashion and accessories, beauty and personal care, home and garden goods, electronics and jewelry. QVC Group blends curated programming with on-demand ecommerce to engage customers through interactive demonstrations and storytelling.

The company operates through multiple segments, notably QVC U.S.