Wilmington Savings Fund Society FSB Acquires Shares of 428,817 Qurate Retail, Inc. (NASDAQ:QRTEA)

Wilmington Savings Fund Society FSB acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 428,817 shares of the company’s stock, valued at approximately $262,000. Wilmington Savings Fund Society FSB owned 0.11% of Qurate Retail as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Wittenberg Investment Management Inc. boosted its holdings in shares of 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Qurate Retail by 4.6% in the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after acquiring an additional 168,109 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Qurate Retail by 867.1% in the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after acquiring an additional 3,195,694 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Qurate Retail by 25.8% in the third 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. Finally, GSA Capital Partners LLP purchased a new stake in shares of Qurate Retail in the third quarter valued at about $714,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Qurate Retail in a report on Tuesday. They issued a “hold” rating on the stock.

Qurate Retail Price Performance

QRTEA stock opened at $0.35 on Wednesday. The company has a market cap of $138.69 million, a P/E ratio of -0.49 and a beta of 2.63. Qurate Retail, Inc. has a 52 week low of $0.34 and a 52 week high of $1.80. The company’s 50-day moving average price is $0.48 and its 200 day moving average price is $0.59. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

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.