California State Teachers Retirement System boosted its position in shares of Overstock.com, Inc. (NASDAQ:OSTK) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,699 shares of the company’s stock after purchasing an additional 3,700 shares during the period. California State Teachers Retirement System owned 0.12% of Overstock.com worth $484,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Overstock.com by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,578,169 shares of the company’s stock worth $25,724,000 after purchasing an additional 37,447 shares in the last quarter. Renaissance Technologies LLC grew its position 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 purchasing an additional 135,200 shares in the last quarter. Vanguard Group Inc. grew its position 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 purchasing an additional 36,249 shares in the last quarter. State Street Corp grew its position 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 purchasing an additional 28,445 shares in the last quarter. Finally, Northern Trust Corp grew its position 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 purchasing an additional 36,544 shares in the last quarter. Hedge funds and other institutional investors own 47.74% of the company’s stock.
Several equities analysts have weighed in on the stock. DA Davidson lifted their price objective on shares of Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub cut shares of Overstock.com from a “buy” rating to a “hold” rating in a research report on Thursday.
Overstock.com, Inc. (NASDAQ OSTK) opened at $45.65 on Friday. Overstock.com, Inc. has a 52-week low of $13.75 and a 52-week high of $65.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.78.
Overstock.com (NASDAQ:OSTK) last issued its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $424.00 million during the quarter, compared to analyst estimates of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. equities research analysts forecast that Overstock.com, Inc. will post -0.47 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/12/08/overstock-com-inc-ostk-shares-bought-by-california-state-teachers-retirement-system.html.
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.
Want to see what other hedge funds are holding OSTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Overstock.com, Inc. (NASDAQ:OSTK).
Receive News & Ratings for Overstock.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overstock.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.