Strs Ohio decreased its holdings in shares of Overstock.com, Inc. (NASDAQ:OSTK) by 26.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,300 shares of the company’s stock after selling 10,400 shares during the period. Strs Ohio owned about 0.11% of Overstock.com worth $840,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Overstock.com by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,578,169 shares of the company’s stock valued at $25,724,000 after purchasing an additional 37,447 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Overstock.com by 16.9% during the 2nd quarter. Renaissance Technologies LLC now owns 934,000 shares of the company’s stock worth $15,224,000 after acquiring an additional 135,200 shares during the period. Vanguard Group Inc. grew its holdings in Overstock.com by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 738,024 shares of the company’s stock worth $12,030,000 after acquiring an additional 36,249 shares during the period. State Street Corp grew its holdings in Overstock.com by 11.5% during the 2nd quarter. State Street Corp now owns 275,941 shares of the company’s stock worth $4,501,000 after acquiring an additional 28,445 shares during the period. Finally, Northern Trust Corp grew its holdings in Overstock.com by 20.9% during the 2nd quarter. Northern Trust Corp now owns 211,495 shares of the company’s stock worth $3,447,000 after acquiring an additional 36,544 shares during the period. Institutional investors own 43.77% of the company’s stock.
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In other Overstock.com news, Director Joseph J. Tabacco, Jr. sold 2,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $51.95, for a total value of $103,900.00. Following the completion of the sale, the director now directly owns 42,099 shares in the company, valued at $2,187,043.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan E. Johnson III sold 1,500 shares of the firm’s 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 completion of the transaction, the insider now directly owns 69,592 shares in the company, valued at $1,537,983.20. The disclosure for this sale can be found here. In the last three months, insiders sold 37,386 shares of company stock valued at $1,324,111. 28.90% of the stock is owned by insiders.
Overstock.com, Inc. (OSTK) opened at $50.25 on Wednesday. Overstock.com, Inc. has a 52-week low of $13.75 and a 52-week high of $56.95. 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 issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.06. The company had revenue of $424.00 million during the quarter, compared to the consensus estimate of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. equities research analysts expect that Overstock.com, Inc. will post -0.47 earnings per share for the current year.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. DA Davidson initiated coverage on shares of Overstock.com in a research report on Wednesday, September 6th. They set a “buy” rating and a $28.00 price target on the stock.
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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