Delpha Capital Management LLC purchased a new position in Overstock.com Inc (NASDAQ:OSTK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,541 shares of the company’s stock, valued at approximately $201,000.
Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Overstock.com by 87.9% in the third quarter. Wells Fargo & Company MN now owns 16,873 shares of the company’s stock worth $501,000 after purchasing an additional 7,893 shares during the period. Barometer Capital Management Inc. acquired a new stake in Overstock.com in the fourth quarter worth $8,026,000. ING Groep NV acquired a new stake in Overstock.com in the fourth quarter worth $3,195,000. Allianz Asset Management GmbH acquired a new stake in Overstock.com in the fourth quarter worth $57,539,000. Finally, Coatue Management LLC bought a new position in shares of Overstock.com in the fourth quarter valued at $15,932,000. Institutional investors and hedge funds own 59.03% of the company’s stock.
In related news, SVP John Paul Knab sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $37.95, for a total transaction of $56,925.00. Following the transaction, the senior vice president now directly owns 8,689 shares of the company’s stock, valued at $329,747.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carter Paul Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $35.80, for a total transaction of $71,600.00. Following the transaction, the senior vice president now directly owns 8,735 shares in the company, valued at $312,713. The disclosure for this sale can be found here. 24.20% of the stock is owned by company insiders.
Overstock.com (NASDAQ:OSTK) last released its quarterly earnings results on Thursday, March 15th. The company reported ($2.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($2.68). Overstock.com had a negative net margin of 8.81% and a negative return on equity of 69.29%. The firm had revenue of $456.29 million for the quarter, compared to the consensus estimate of $526.18 million. equities research analysts predict that Overstock.com Inc will post -4.5 EPS for the current year.
A number of research analysts have weighed in on OSTK shares. ValuEngine raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. TheStreet lowered shares of Overstock.com from a “c-” rating to a “d” rating in a research note on Tuesday, March 20th. BidaskClub lowered shares of Overstock.com from a “sell” rating to a “strong sell” rating in a research note on Friday, March 30th. DA Davidson dropped their price objective on shares of Overstock.com from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, March 19th. Finally, Zacks Investment Research raised shares of Overstock.com from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Overstock.com has a consensus rating of “Buy” and an average target price of $100.00.
Overstock.com Company Profile
Overstock.com, Inc operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company offers home and garden products, including furniture, home decor, garden and patio, kitchen and dining, bedding, home improvement, housewares, and other related products; jewelry and watches; clothing and accessories; electronics and computers; and other products.
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