Cambridge Investment Research Advisors Inc. increased its holdings in Overstock.com, Inc. (NASDAQ:OSTK) by 61.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,786 shares of the company’s stock after acquiring an additional 11,305 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.12% of Overstock.com worth $486,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Oaktop Capital Management II L.P. purchased a new position in Overstock.com in the second quarter valued at approximately $402,000. Penserra Capital Management LLC lifted its stake in Overstock.com by 447.2% in the second quarter. Penserra Capital Management LLC now owns 106,888 shares of the company’s stock valued at $1,742,000 after purchasing an additional 87,353 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new position in Overstock.com in the second quarter valued at approximately $177,000. Wayne Hummer Investments L.L.C. purchased a new position in Overstock.com in the second quarter valued at approximately $190,000. Finally, Bank of New York Mellon Corp lifted its stake in Overstock.com by 22.7% in the second quarter. Bank of New York Mellon Corp now owns 76,279 shares of the company’s stock valued at $1,243,000 after purchasing an additional 14,098 shares during the last quarter. 44.33% of the stock is owned by institutional investors.
Overstock.com, Inc. (NASDAQ OSTK) opened at 24.35 on Tuesday. The company has a 50-day moving average price of $19.37 and a 200 day moving average price of $17.16. The stock’s market cap is $608.75 million. Overstock.com, Inc. has a 1-year low of $13.05 and a 1-year high of $24.95.
Overstock.com (NASDAQ:OSTK) last posted its earnings results on Thursday, August 3rd. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.32. Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%. The company had revenue of $432.02 million during the quarter. Equities analysts expect that Overstock.com, Inc. will post ($0.48) earnings per share for the current fiscal year.
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Several equities analysts recently commented on OSTK shares. Maxim Group set a $25.00 price objective on Overstock.com and gave the company a “buy” rating in a research note on Friday, May 19th. DA Davidson started coverage on Overstock.com in a research note on Wednesday, September 6th. They issued a “buy” rating and a $28.00 price objective on the stock. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, TheStreet downgraded Overstock.com from a “c” rating to a “d+” rating in a research note on Friday, May 26th.
In other news, insider Jonathan E. Johnson III sold 1,500 shares of Overstock.com stock in a transaction on Friday, September 1st. The shares were sold at an average price of $22.10, for a total transaction of $33,150.00. Following the transaction, the insider now owns 69,592 shares in the company, valued at approximately $1,537,983.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan E. Johnson III sold 6,000 shares of Overstock.com stock in a transaction on Friday, August 11th. The stock was sold at an average price of $20.00, for a total transaction of $120,000.00. Following the transaction, the insider now owns 71,092 shares in the company, valued at approximately $1,421,840. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,000 shares of company stock valued at $215,670. 28.90% of the stock is currently owned by insiders.
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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