Nationwide Fund Advisors lifted its position in Overstock.com, Inc. (NASDAQ:OSTK) by 20.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,382 shares of the company’s stock after buying an additional 2,074 shares during the period. Nationwide Fund Advisors’ holdings in Overstock.com were worth $202,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of OSTK. Bank of New York Mellon Corp grew its position in shares of Overstock.com by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 62,181 shares of the company’s stock worth $1,070,000 after buying an additional 274 shares during the last quarter. American International Group Inc. grew its position in shares of Overstock.com by 7.0% in the 1st quarter. American International Group Inc. now owns 8,130 shares of the company’s stock worth $140,000 after buying an additional 535 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Overstock.com by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 701,775 shares of the company’s stock worth $12,071,000 after buying an additional 33,896 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Overstock.com by 4.2% in the 1st quarter. Geode Capital Management LLC now owns 126,553 shares of the company’s stock worth $2,176,000 after buying an additional 5,124 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Overstock.com by 205.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,540,722 shares of the company’s stock worth $26,500,000 after buying an additional 1,036,847 shares during the last quarter. 43.77% of the stock is currently owned by hedge funds and other institutional investors.
In other Overstock.com news, insider Sam Noursalehi sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $51.25, for a total transaction of $256,250.00. Following the sale, the insider now owns 11,308 shares of the company’s stock, valued at approximately $579,535. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph J. Tabacco, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $51.95, for a total transaction of $103,900.00. Following the sale, the director now directly owns 42,099 shares in the company, valued at approximately $2,187,043.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,386 shares of company stock worth $1,324,111. 28.90% of the stock is owned by insiders.
A number of brokerages have recently issued reports on OSTK. DA Davidson lifted their price objective on shares of Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.
Overstock.com, Inc. (NASDAQ:OSTK) opened at $50.25 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86. Overstock.com, Inc. has a 12-month low of $13.75 and a 12-month high of $56.95.
Overstock.com (NASDAQ:OSTK) last released its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06. The company had revenue of $424.00 million for the quarter, compared to the consensus estimate of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. sell-side analysts forecast that Overstock.com, Inc. will post -0.47 EPS for the current year.
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Overstock.com Company Profile
Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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