The COB of Qurate Retail Group Inc (NASDAQ: QRTEA) is Buying Shares

Today, the COB of Qurate Retail Group Inc (QRTEAResearch Report), Gregory Maffei, bought shares of QRTEA for $1.25M.

This is Maffei’s first transaction since reporting a Buy transaction on LSXMA back in December 2018 This recent transaction increases Gregory Maffei’s holding in the company by 2.19% to a total of $59.59 million.

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QRTEA’s market cap is $5.43B and the company has a P/E ratio of 9.83. Currently, Qurate Retail Group Inc has an average volume of 5.46M.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $21.25, reflecting a 66.7% upside. Four different firms, including Citigroup and Craig-Hallum, currently also have a Buy rating on the stock. Starting in March 2019, QRTEA received 4 Buy ratings in a row.

Gregory Maffei’s trades have generated a 4.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.

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