State Street Corp boosted its holdings in shares of Overstock.com, Inc. (NASDAQ:OSTK) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,941 shares of the company’s stock after buying an additional 28,445 shares during the quarter. State Street Corp owned approximately 1.10% of Overstock.com worth $4,501,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in OSTK. Public Employees Retirement System of Ohio increased its position in Overstock.com by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock valued at $105,000 after acquiring an additional 854 shares during the last quarter. AXA bought a new position in Overstock.com during the 2nd quarter worth about $176,000. Balter Liquid Alternatives LLC bought a new position in Overstock.com during the 2nd quarter worth about $177,000. Wayne Hummer Investments L.L.C. purchased a new stake in shares of Overstock.com during the second quarter valued at about $190,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Overstock.com during the second quarter valued at about $192,000. Institutional investors own 47.74% of the company’s stock.
In related news, SVP Vikram Raghavan sold 624 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.00, for a total transaction of $32,448.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Amit Goyal sold 2,762 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.49, for a total value of $153,263.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,886 shares of company stock valued at $1,580,521. 28.90% of the stock is owned by company insiders.
Several equities analysts recently commented on the stock. DA Davidson increased their price objective on shares of Overstock.com from $57.00 to $87.00 and gave the company 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. (OSTK) opened at $42.65 on Thursday. Overstock.com, Inc. has a fifty-two week low of $13.75 and a fifty-two week high of $65.70. 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 (NASDAQ:OSTK) last released its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.06. Overstock.com had a negative return on equity of 4.95% and a negative net margin of 0.61%. The company had revenue of $424.00 million during the quarter, compared to the consensus estimate of $452.60 million. Overstock.com’s quarterly revenue was down 4.0% on a year-over-year basis. analysts anticipate that Overstock.com, Inc. will post -0.47 earnings per share for the current year.
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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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