Overstock.com, Inc. (OSTK) Shares Bought by California State Teachers Retirement System

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.

In other Overstock.com news, insider Jonathan E. Johnson III sold 17,500 shares of Overstock.com stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $25.00, for a total transaction of $437,500.00. Following the completion of the sale, the insider now owns 52,092 shares of the company’s stock, valued at approximately $1,302,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Vikram Raghavan sold 624 shares of Overstock.com stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.00, for a total transaction of $32,448.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,886 shares of company stock valued at $1,580,521 in the last three months. Company insiders own 28.90% of the company’s stock.

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.

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

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