Qurate Retail, Inc. (NASDAQ:QRTEA) is on recovery track with 14.53% gain from a 1-year low price of $11.17. The company lost -1.08% to attain the price of $12.79 on 6/19/2019. Throughout the recent session, the prices were hovering between $12.72 and $13.05. These shares are 53.01% off its target price of $19.57 and the current market capitalization stands at $5.67B. The recent change has given its price a -13.84% deficit over SMA 50 and -48.9% deficit over its 52-week high. The stock witnessed -5.26% declines, -24.99% declines and -34.54% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found QRTEA’s volatility during a week at 2.98% and during a month it has been found around 3.47%.
What Does Qurate Retail, Inc. (QRTEA) Do?
The company describes itself in regulatory filings as, “Qurate Retail, Inc. engages in the business of video and on-line commerce industries. The firm’s principal businesses and assets include its significant consolidated subsidiaries: QVC, Inc., Backcountry.com, Inc., Bodybuilding.com LLC, CommerceHub and Evite, Inc and its equity affiliates Expedia, Inc., HSN, Inc., FTD Companies, Inc., Interval Leisure Group, Inc. and LendingTree, Inc. Its operating segments are strategic business units that offer different products and services. They are managed separately because each segment requires different technologies, distribution channels and marketing strategies. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.” [Text can be found here: https://www.marketwatch.com/investing/stock/QRTEA/profile under company description.]Qurate Retail, Inc. (QRTEA) Top Holders
Institutional investors currently hold around $4.87 billion or 95.1% in QRTEA stock. Look at its top three institutional owners: Dodge & Cox owns $731.23 million in Qurate Retail, Inc., which represents roughly 12.9% of the company’s market cap and approximately 15.02% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 37,406,763 shares of the stock are valued at $483.67 million. The third largest holder is Harris Associates L P, which currently holds $349.44 million worth of this stock and that ownership represents nearly 6.16% of its market capitalization.
At the end of March reporting period, 208 institutional holders increased their position in Qurate Retail, Inc. (NASDAQ:QRTEA) by some 31,435,791 shares, 204 decreased positions by 36,144,409 and 85 held positions by 308,793,477. That puts total institutional holdings at 376,373,677 shares, according to SEC filings. The stock grabbed 65 new institutional investments totaling 8,084,493 shares while 59 institutional investors sold out their entire positions totaling 6,356,511 shares.Qurate Retail, Inc. (NASDAQ:QRTEA) Insider Trades
Multiple company employees have indulged in significant insider trading. Qurate Retail, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman of the Board MAFFEI GREGORY B has acquired 50,000 shares of Qurate Retail, Inc. (QRTEA) in the trading session dated May. 15, 2019. These shares are worth $637,500 and were traded at $12.75 each. The SEC filing shows that MAFFEI GREGORY B performed a purchase of 100,000 shares. The Chairman of the Board added these shares by way of transaction on May. 14, 2019. The company’s shares were assimilated at $12.49 per share worth to an investment of some $1,249,000 to the account of MAFFEI GREGORY B.
Director, 10% Owner, MALONE JOHN C, purchased 800,000 common shares of Qurate Retail, Inc. (QRTEA) in the open market. In a transaction dated May. 13, 2019, the shares were bought at an average price of $12.48, giving away a sum of $9,984,000. After this purchase, 1,193,906 common shares of QRTEA are directly owned by the insider, with total stake valued at $15,270,058.
In the transaction dated May. 13, 2019, a great number of shares acquired came courtesy the President, CEO; GEORGE MICHAEL A added a total of 244,568 shares at an average price of $12.51, amounting to approximately $3,059,546. The insider now directly owns 1,939,137 shares worth $24,801,562.Qurate Retail, Inc. (QRTEA) Analyst Guide
Several analysts have released their opinion on Qurate Retail, Inc. (NASDAQ:QRTEA), with 3 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 3 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.11 average brokerage recommendation [T1].