Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) by 37.0% during the first quarter, according to the company in its most recent Form 13F 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 quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.27% of Overstock.com worth $5,113,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Covestor Ltd grew its position in Overstock.com by 7,081.8% during the first quarter. Covestor Ltd now owns 790 shares of the company’s stock worth $35,000 after buying an additional 779 shares in the last quarter. Meeder Asset Management Inc. lifted its stake 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 valued at $42,000 after acquiring an additional 695 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Overstock.com by 308.3% in the 1st quarter. Captrust Financial Advisors now owns 1,037 shares of the company’s stock valued at $46,000 after acquiring an additional 783 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Overstock.com in the 1st quarter valued at $70,000. Finally, Prospera Financial Services Inc bought a new position in shares of Overstock.com in the 1st quarter valued at $139,000. Institutional investors and hedge funds own 69.03% of the company’s stock.
Insider Activity at Overstock.com
In other Overstock.com news, insider Krista Dalton sold 2,000 shares of Overstock.com stock in a transaction that occurred 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 transaction, the insider now owns 5,370 shares of the company’s stock, valued at approximately $157,502.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Jonathan E. Johnson III purchased 1,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of $28.83 per share, with a total value of $28,830.00. Following the acquisition, the chief executive officer now owns 126,234 shares of the company’s stock, valued at approximately $3,639,326.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Krista Dalton sold 2,000 shares of Overstock.com stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 5,370 shares in the company, valued at approximately $157,502.10. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Overstock.com Stock Performance
Shares of 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 stock has a 50-day moving average of $28.15 and a 200-day moving average of $32.98. The company has a market cap of $1.09 billion, a PE ratio of 14.55, a P/E/G ratio of 24.02 and a beta of 3.69. Overstock.com, Inc. has a one year low of $23.72 and a one year high of $111.28.
Overstock.com (NASDAQ:OSTK – Get Rating) last issued its earnings results on Thursday, July 28th. The company reported $0.19 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 business earned $1.72 earnings per share. The business’s quarterly revenue was down 33.5% on a year-over-year basis. On average, equities research analysts predict that Overstock.com, Inc. will post 0.72 EPS for the current fiscal year.
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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