Mirae Asset Global Investments Co. Ltd. Raises Stock Position in Overstock.com, Inc. (NASDAQ:OSTK)

Mirae Asset Global Investments Co. Ltd. lifted its position in Overstock.com, Inc. (NASDAQ:OSTKGet Rating) by 37.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,190 shares of the company’s stock after buying an additional 31,380 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Overstock.com were worth $5,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd grew its position in shares of Overstock.com by 7,081.8% in the 1st quarter. Covestor Ltd now owns 790 shares of the company’s stock worth $35,000 after buying an additional 779 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Overstock.com by 272.5% in the 1st quarter. Meeder Asset Management Inc. now owns 950 shares of the company’s stock worth $42,000 after buying an additional 695 shares during the last quarter. Captrust Financial Advisors grew its position in Overstock.com by 308.3% during the 1st quarter. Captrust Financial Advisors now owns 1,037 shares of the company’s stock worth $46,000 after purchasing an additional 783 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Overstock.com during the 1st quarter worth approximately $70,000. Finally, Prospera Financial Services Inc purchased a new stake in Overstock.com during the 1st quarter worth approximately $139,000. Hedge funds and other institutional investors own 69.03% of the company’s stock.

Overstock.com Stock Performance

OSTK opened at $23.86 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.94 and a quick ratio of 1.92. The firm has a fifty day moving average price of $28.15 and a 200 day moving average price of $32.98. Overstock.com, Inc. has a 1 year low of $23.72 and a 1 year high of $111.28. The stock has a market cap of $1.09 billion, a P/E ratio of 14.55, a P/E/G ratio of 24.02 and a beta of 3.69.

Overstock.com (NASDAQ:OSTKGet Rating) last posted its earnings results on Thursday, July 28th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.15). Overstock.com had a net margin of 3.41% and a return on equity of 8.43%. The firm had revenue of $528.12 million during the quarter, compared to analyst estimates of $600.73 million. During the same quarter in the prior year, the firm earned $1.72 earnings per share. The business’s revenue for the quarter was down 33.5% on a year-over-year basis. Equities research analysts anticipate that Overstock.com, Inc. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

OSTK has been the topic of several research analyst reports. Bank of America dropped their target price on shares of Overstock.com from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, July 28th. StockNews.com raised shares of Overstock.com from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Raymond James initiated coverage on shares of Overstock.com in a research report on Wednesday, June 29th. They set a “market perform” rating on the stock. Finally, DA Davidson lifted their price objective on shares of Overstock.com from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, August 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Activity at Overstock.com

In other Overstock.com news, insider Krista Dalton sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $29.33, for a total transaction of $58,660.00. Following the completion of the transaction, the insider now directly owns 5,370 shares in the company, valued at $157,502.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jonathan E. Johnson III acquired 1,000 shares of Overstock.com stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $28.83 per share, for a total transaction of $28,830.00. Following the completion of the transaction, the chief executive officer now owns 126,234 shares of the company’s stock, valued at approximately $3,639,326.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Krista Dalton sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $29.33, for a total transaction of $58,660.00. Following the transaction, the insider now owns 5,370 shares of the company’s stock, valued at $157,502.10. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Overstock.com Company Profile

(Get Rating)

Overstock.com, Inc operates as an online retailer in the United States. The company offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. It provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com.

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

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