Overstock.com, Inc. (OSTK) Stake Boosted by Cambridge Investment Research Advisors Inc.

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.

Institutional Ownership by Quarter for Overstock.com (NASDAQ:OSTK)

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