Bank of New York Mellon Corp boosted its position in Overstock.com Inc. (NASDAQ:OSTK) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,576 shares of the company’s stock after buying an additional 3,409 shares during the period. Bank of New York Mellon Corp owned about 0.27% of Overstock.com worth $1,104,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of OSTK. Acadian Asset Management LLC raised its position in shares of Overstock.com by 21.4% in the second quarter. Acadian Asset Management LLC now owns 280,594 shares of the company’s stock worth $4,520,000 after buying an additional 49,426 shares during the period. Eqis Capital Management Inc. raised its position in shares of Overstock.com by 2.6% in the second quarter. Eqis Capital Management Inc. now owns 16,366 shares of the company’s stock valued at $264,000 after buying an additional 407 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Overstock.com during the first quarter valued at $139,000. Finally, Geode Capital Management LLC raised its position in shares of Overstock.com by 9.2% in the first quarter. Geode Capital Management LLC now owns 105,043 shares of the company’s stock valued at $1,510,000 after buying an additional 8,822 shares during the last quarter. Institutional investors and hedge funds own 41.60% of the company’s stock.
Shares of Overstock.com Inc. (NASDAQ:OSTK) traded up 0.07% on Friday, reaching $14.77. 9,469 shares of the company’s stock traded hands. The firm has a market capitalization of $374.38 million, a price-to-earnings ratio of 35.42 and a beta of 0.13. The company has a 50 day moving average price of $15.26 and a 200 day moving average price of $15.79. Overstock.com Inc. has a 52 week low of $10.03 and a 52 week high of $17.93.
Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.15. Overstock.com had a return on equity of 14.96% and a net margin of 0.62%. On average, equities research analysts predict that Overstock.com Inc. will post $0.43 earnings per share for the current fiscal year.
In other news, SVP Brian L. Popelka sold 3,500 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $16.00, for a total value of $56,000.00. Following the transaction, the senior vice president now directly owns 13,065 shares in the company, valued at approximately $209,040. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carter Paul Lee sold 2,987 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $15.32, for a total transaction of $45,760.84. Following the completion of the transaction, the senior vice president now owns 9,089 shares in the company, valued at $139,243.48. The disclosure for this sale can be found here. 27.40% of the stock is currently owned by insiders.
Overstock.com Company Profile
Overstock.com, Inc is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business.
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