Qurate Retail, Inc. (NASDAQ:QRTEA) Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,824,936 shares of the company’s stock after purchasing an additional 168,109 shares during the quarter. Geode Capital Management LLC owned approximately 0.96% of Qurate Retail worth $2,334,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wittenberg Investment Management Inc. boosted its stake in Qurate Retail by 16.8% in the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after acquiring an additional 587,027 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Qurate Retail by 867.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock worth $2,245,000 after purchasing an additional 3,195,694 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Qurate Retail by 25.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,664,932 shares of the company’s stock valued at $1,016,000 after purchasing an additional 341,742 shares during the period. GSA Capital Partners LLP bought a new position in Qurate Retail during the 3rd quarter worth $714,000. Finally, Thrivent Financial for Lutherans increased its position in Qurate Retail by 33.5% in the third quarter. Thrivent Financial for Lutherans now owns 945,470 shares of the company’s stock worth $577,000 after buying an additional 237,140 shares during the period. Institutional investors own 64.10% of the company’s stock.

Qurate Retail Stock Performance

Shares of QRTEA stock opened at $0.40 on Wednesday. The firm has a market capitalization of $159.69 million, a price-to-earnings ratio of -0.57 and a beta of 2.68. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. Qurate Retail, Inc. has a 12-month low of $0.31 and a 12-month high of $1.80. The business has a 50 day simple moving average of $0.41 and a 200 day simple moving average of $0.55.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Qurate Retail in a research note on Thursday, January 2nd. They set a “hold” rating for the company.

Qurate Retail Company Profile

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.