Obermeyer Wood Investment Counsel Lllp Sold 62,200 Shares of Qurate Retail Inc Series A (NASDAQ:QRTEA)

Obermeyer Wood Investment Counsel Lllp Sold 62,200 Shares of Qurate Retail Inc Series A (NASDAQ:QRTEA)

Obermeyer Wood Investment Counsel Lllp trimmed its position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,285,908 shares of the company’s stock after selling 62,200 shares during the quarter. Qurate Retail Inc Series A accounts for approximately 2.4% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 24th largest holding. Obermeyer Wood Investment Counsel Lllp owned about 0.28% of Qurate Retail Inc Series A worth $28,560,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of QRTEA. IFM Investors Pty Ltd lifted its holdings in shares of Qurate Retail Inc Series A by 12.9% in the third quarter. IFM Investors Pty Ltd now owns 24,218 shares of the company’s stock valued at $538,000 after purchasing an additional 2,763 shares in the last quarter. Andra AP fonden lifted its holdings in shares of Qurate Retail Inc Series A by 1.2% in the second quarter. Andra AP fonden now owns 270,300 shares of the company’s stock valued at $5,736,000 after purchasing an additional 3,200 shares in the last quarter. Fox Run Management L.L.C. lifted its holdings in shares of Qurate Retail Inc Series A by 40.7% in the third quarter. Fox Run Management L.L.C. now owns 13,326 shares of the company’s stock valued at $296,000 after purchasing an additional 3,853 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Qurate Retail Inc Series A by 204.4% in the third quarter. CENTRAL TRUST Co now owns 5,981 shares of the company’s stock valued at $133,000 after purchasing an additional 4,016 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Qurate Retail Inc Series A by 23.9% in the third quarter. Raymond James Trust N.A. now owns 21,680 shares of the company’s stock valued at $482,000 after purchasing an additional 4,177 shares in the last quarter. Institutional investors and hedge funds own 86.95% of the company’s stock.

QRTEA traded down $0.71 during trading hours on Wednesday, reaching $22.03. 2,569,309 shares of the stock traded hands, compared to its average volume of 2,954,367. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 2.16 and a beta of 1.06. Qurate Retail Inc Series A has a fifty-two week low of $20.00 and a fifty-two week high of $29.11. The company has a current ratio of 0.97, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Friday, November 9th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Qurate Retail Inc Series A had a net margin of 9.88% and a return on equity of 22.24%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.19 billion. Qurate Retail Inc Series A’s revenue was up 35.7% on a year-over-year basis. On average, analysts forecast that Qurate Retail Inc Series A will post 2.14 earnings per share for the current fiscal year.

In other Qurate Retail Inc Series A news, Director Mark C. Vadon sold 122,574 shares of the stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total transaction of $2,702,756.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.01% of the company’s stock.

QRTEA has been the topic of several recent analyst reports. ValuEngine raised shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Citigroup increased their price target on shares of Qurate Retail Inc Series A from $18.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 17th. Finally, Aegis reaffirmed a “buy” rating and set a $30.00 price target on shares of Qurate Retail Inc Series A in a research note on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $30.71.

Qurate Retail Inc Series A Company Profile

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

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