Vise Technologies Inc. Takes Position in Qurate Retail, Inc. (NASDAQ:QRTEA)

Vise Technologies Inc. purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEAGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,457 shares of the company’s stock, valued at approximately $59,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP increased its position in shares of Qurate Retail by 3,111.0% in the 1st quarter. Allworth Financial LP now owns 5,266 shares of the company’s stock valued at $25,000 after buying an additional 5,102 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Qurate Retail in the 1st quarter valued at $29,000. MetLife Investment Management LLC bought a new position in Qurate Retail during the 1st quarter worth about $34,000. First Quadrant LLC CA bought a new position in Qurate Retail during the 1st quarter worth about $35,000. Finally, Zions Bancorporation N.A. bought a new position in Qurate Retail during the 1st quarter worth about $35,000. Institutional investors own 85.07% of the company’s stock.

Insider Activity at Qurate Retail

In related news, CAO Brian J. Wendling sold 9,268 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $3.20, for a total value of $29,657.60. Following the completion of the sale, the chief accounting officer now directly owns 75,316 shares in the company, valued at approximately $241,011.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup increased their target price on Qurate Retail from $3.00 to $3.60 and gave the stock a “neutral” rating in a report on Thursday, August 25th. StockNews.com cut Qurate Retail from a “hold” rating to a “sell” rating in a report on Wednesday, August 31st. Finally, Evercore ISI lowered their target price on Qurate Retail to $3.00 in a report on Monday, July 4th.

Qurate Retail Price Performance

Shares of NASDAQ QRTEA opened at $2.54 on Friday. The stock has a market capitalization of $970.56 million, a price-to-earnings ratio of 8.47 and a beta of 1.66. The business has a 50-day moving average of $3.05 and a 200-day moving average of $3.71. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 0.62. Qurate Retail, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $11.47.

Qurate Retail (NASDAQ:QRTEAGet Rating) last issued its earnings results on Friday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). Qurate Retail had a net margin of 0.89% and a return on equity of 11.81%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. As a group, sell-side analysts predict that Qurate Retail, Inc. will post 0.68 earnings per share for the current fiscal year.

Qurate Retail Profile

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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.

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

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