Qurate Retail (NASDAQ:QRTEA) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

Qurate Retail Trading Down 5.6 %

Shares of NASDAQ QRTEA opened at $0.44 on Friday. Qurate Retail has a 1-year low of $0.35 and a 1-year high of $1.80. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The business’s 50 day moving average is $0.53 and its two-hundred day moving average is $0.61. The stock has a market capitalization of $175.09 million, a P/E ratio of -0.61 and a beta of 2.68.

Insider Activity at Qurate Retail

In other news, insider Renee L. Wilm sold 75,789 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $0.97, for a total transaction of $73,515.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors have recently added to or reduced their stakes in the stock. DoubleLine ETF Adviser LP grew its holdings in Qurate Retail by 97.3% in the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after purchasing an additional 19,265 shares during the last quarter. Walleye Trading LLC purchased a new stake in shares of Qurate Retail during the first quarter valued at $31,000. Virtu Financial LLC increased its holdings in shares of Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after purchasing an additional 39,807 shares during the period. Mackenzie Financial Corp increased its holdings in Qurate Retail by 100.9% in the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after buying an additional 52,706 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after acquiring an additional 114,736 shares during the last quarter. Institutional investors own 64.10% 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 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.