Overstock.com Inc (NASDAQ:OSTK) insider Jonathan E. Johnson III sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $66.10, for a total transaction of $264,400.00. Following the completion of the sale, the insider now directly owns 30,092 shares in the company, valued at approximately $1,989,081.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Overstock.com Inc (NASDAQ OSTK) opened at $49.50 on Tuesday. The company has a market cap of $1,240.00, a price-to-earnings ratio of -115.12 and a beta of 1.47. Overstock.com Inc has a 1-year low of $13.75 and a 1-year high of $89.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.78.
Several institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Overstock.com by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 64,899 shares of the company’s stock valued at $1,058,000 after acquiring an additional 456 shares during the period. Edge Wealth Management LLC purchased a new position in Overstock.com in the 4th quarter valued at $130,000. Nationwide Fund Advisors grew its position in Overstock.com by 20.1% in the 2nd quarter. Nationwide Fund Advisors now owns 12,382 shares of the company’s stock valued at $202,000 after buying an additional 2,074 shares during the last quarter. Pier 88 Investment Partners LLC purchased a new position in Overstock.com in the 4th quarter valued at $147,000. Finally, Bank of Montreal Can grew its position in Overstock.com by 347.9% in the 4th quarter. Bank of Montreal Can now owns 4,479 shares of the company’s stock valued at $286,000 after buying an additional 3,479 shares during the last quarter. 47.44% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on OSTK shares. DA Davidson raised their price objective on shares of Overstock.com from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, January 8th. BidaskClub cut shares of Overstock.com from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.
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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