Geode Capital Management LLC Has $2.33 Million Stock Holdings in Qurate Retail, Inc. (NASDAQ:QRTEA)

Geode Capital Management LLC boosted its holdings in shares of Qurate Retail, Inc. (NASDAQ:QRTEA) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,824,936 shares of the company’s stock after buying an additional 168,109 shares during the period. Geode Capital Management LLC’s holdings in Qurate Retail were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of QRTEA. Wittenberg Investment Management Inc. grew its position in Qurate Retail by 16.8% during the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after purchasing an additional 587,027 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Qurate Retail by 867.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after buying an additional 3,195,694 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of 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 acquiring an additional 341,742 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Qurate Retail in the third quarter worth $714,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Qurate Retail by 33.5% during the third quarter. Thrivent Financial for Lutherans now owns 945,470 shares of the company’s stock worth $577,000 after acquiring an additional 237,140 shares in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

Qurate Retail Stock Performance

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

Wall Street Analysts Forecast Growth

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

Qurate Retail 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.