State Board of Administration of Florida Retirement System Sells 1,620 Shares of Overstock.com, Inc. (NASDAQ:OSTK)

State Board of Administration of Florida Retirement System trimmed its position in shares of Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,150 shares of the company’s stock after selling 1,620 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Overstock.com were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Contrarius Investment Management Ltd bought a new stake in Overstock.com during the fourth quarter worth about $3,544,000. Fox Run Management L.L.C. acquired a new position in shares of Overstock.com during the fourth quarter worth approximately $258,000. Hollencrest Capital Management acquired a new position in shares of Overstock.com during the fourth quarter worth approximately $256,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Overstock.com during the fourth quarter worth approximately $29,000. Finally, Larson Financial Group LLC lifted its position in shares of Overstock.com by 15.2% during the fourth quarter. Larson Financial Group LLC now owns 7,309 shares of the company’s stock worth $142,000 after purchasing an additional 962 shares in the last quarter. 62.13% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Barclay F. Corbus sold 2,334 shares of Overstock.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $21.15, for a total value of $49,364.10. Following the completion of the transaction, the director now owns 50,273 shares of the company’s stock, valued at approximately $1,063,273.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Barclay F. Corbus sold 2,334 shares of Overstock.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $21.15, for a total value of $49,364.10. Following the completion of the transaction, the director now owns 50,273 shares of the company’s stock, valued at approximately $1,063,273.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eric Glen Nickle sold 2,000 shares of Overstock.com stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $17.19, for a total transaction of $34,380.00. Following the completion of the transaction, the insider now directly owns 15,434 shares of the company’s stock, valued at approximately $265,310.46. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Overstock.com Stock Down 3.0 %

Overstock.com stock opened at $18.00 on Monday. The company has a market cap of $813.60 million, a P/E ratio of -14.29 and a beta of 3.35. Overstock.com, Inc. has a 1-year low of $17.05 and a 1-year high of $35.20. The company has a fifty day simple moving average of $19.26 and a 200 day simple moving average of $20.91. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05.

Overstock.com (NASDAQ:OSTK – Get Rating) last released its earnings results on Thursday, April 27th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The business had revenue of $381.10 million during the quarter, compared to the consensus estimate of $357.55 million. Overstock.com had a negative net margin of 3.14% and a positive return on equity of 1.20%. The firm’s revenue for the quarter was down 28.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Research analysts anticipate that Overstock.com, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OSTK has been the topic of several analyst reports. Wedbush restated an “outperform” rating and issued a $26.00 price objective on shares of Overstock.com in a report on Friday, April 21st. TheStreet lowered shares of Overstock.com from a “c-” rating to a “d+” rating in a report on Friday, March 10th. DA Davidson cut their target price on shares of Overstock.com from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, February 23rd. StockNews.com assumed coverage on shares of Overstock.com in a report on Thursday. They issued a “sell” rating on the stock. Finally, Piper Sandler increased their target price on shares of Overstock.com from $19.00 to $20.00 in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.29.

About Overstock.com

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Overstock.com, Inc operates an online shopping site. It also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and MVI. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers.