California Public Employees Retirement System lessened its holdings in shares of Overstock.com, Inc. (NASDAQ:OSTK) by 15.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,600 shares of the company’s stock after selling 5,700 shares during the period. California Public Employees Retirement System owned about 0.13% of Overstock.com worth $515,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in OSTK. Bank of New York Mellon Corp grew its holdings in shares of Overstock.com by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 62,181 shares of the company’s stock worth $1,070,000 after acquiring an additional 274 shares during the period. American International Group Inc. grew its holdings in shares of Overstock.com by 7.0% during the 1st quarter. American International Group Inc. now owns 8,130 shares of the company’s stock worth $140,000 after acquiring an additional 535 shares during the period. Vanguard Group Inc. grew its holdings in shares of Overstock.com by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 701,775 shares of the company’s stock worth $12,071,000 after acquiring an additional 33,896 shares during the period. Geode Capital Management LLC grew its holdings in shares of Overstock.com by 4.2% during the 1st quarter. Geode Capital Management LLC now owns 126,553 shares of the company’s stock worth $2,176,000 after acquiring an additional 5,124 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Overstock.com by 205.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,540,722 shares of the company’s stock worth $26,500,000 after acquiring an additional 1,036,847 shares during the period. Institutional investors own 47.74% of the company’s stock.
A number of research analysts have weighed in on OSTK shares. DA Davidson upped their target price on Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th.
Overstock.com, Inc. (NASDAQ OSTK) traded up $3.00 during mid-day trading on Thursday, reaching $45.65. The company had a trading volume of 3,050,042 shares, compared to its average volume of 773,008. 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 current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33.
Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. The business had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $452.60 million. Overstock.com had a negative return on equity of 4.95% and a negative net margin of 0.61%. Overstock.com’s revenue for the quarter was down 4.0% compared to the same quarter last year. analysts forecast that Overstock.com, Inc. will post -0.47 EPS for the current year.
In other news, SVP Amit Goyal sold 2,762 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.49, for a total transaction of $153,263.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan E. Johnson III sold 17,500 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $25.00, for a total value of $437,500.00. Following the transaction, the insider now directly owns 52,092 shares in the company, valued at $1,302,300. The disclosure for this sale can be found here. Insiders sold a total of 41,886 shares of company stock worth $1,580,521 over the last ninety days. 28.90% of the stock is currently owned by insiders.
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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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