5 Stocks to Buy Under $20 According to Cliff Asness’ AQR Capital

4. Qurate Retail, Inc. (NASDAQ:QRTEA)

AQR Capital Management’s Stake Value: $28 million

Percentage of AQR Capital Management’s 13F Portfolio: 0.05%

Number of Hedge Fund Holders: 32

Share price on April 25, 2022: $4.22

Qurate Retail, Inc. (NASDAQ:QRTEA) is a video game and electronic commerce services provider based out of the United States that offers its services in North America, Europe, and Asia. These cover apparel products, accessories, beauty products, and others.

By the end of its fiscal fourth quarter, Qurate Retail, Inc. (NASDAQ:QRTEA) had earned $4.1 billion in revenue and $0.40 in non-GAAP EPS. BofA cut its price target to $6.30 from $11.50 in February 2022, stating competitive and management concerns are a bane for the company.

Mr. Asness’ investment firm held a $28 million stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by the end of the fourth quarter of last year. This came in the form of 3.6 million shares and it represented 0.05% of the firm’s investment portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds outlined that 32 had also invested in the company.

Qurate Retail, Inc. (NASDAQ:QRTEA)’s largest investor is Bob Peck and Andy Raab’s FPR Partners which owns 19.6 million shares that are worth $149 million.

Weitz Investment Management mentioned the company in its fourth quarter 2021 investor letter. Here is what the fund said:

“Our process is designed to produce allweather portfolios composed of high-quality companies and led by management teams capable of navigating an uncertain future while growing the value of their businesses… We feel good about our prospects for the coming year.Retail sales at Qurate’s QVC and HSN businesses were more impacted by supply chain issues than investors anticipated, but the company continues to trade at an unassuming valuation.”