Partnervest Advisory Services LLC purchased a new position in Overstock.com, Inc. (NASDAQ:OSTK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,200 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors have also recently made changes to their positions in OSTK. Public Employees Retirement System of Ohio grew its holdings in Overstock.com by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock worth $105,000 after acquiring an additional 854 shares during the last quarter. SG Americas Securities LLC bought a new stake in Overstock.com in the 3rd quarter worth $109,000. American International Group Inc. grew its holdings in Overstock.com by 7.0% in the 1st quarter. American International Group Inc. now owns 8,130 shares of the company’s stock worth $140,000 after acquiring an additional 535 shares during the last quarter. SpiderRock Advisors LLC purchased a new stake in shares of Overstock.com in the 3rd quarter worth about $145,000. Finally, AXA purchased a new stake in shares of Overstock.com in the 2nd quarter worth about $176,000. 47.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Overstock.com, Inc. (NASDAQ:OSTK) traded down $2.00 during midday trading on Friday, reaching $45.10. 2,135,604 shares of the company were exchanged, compared to its average volume of 712,545. Overstock.com, Inc. has a one year low of $13.75 and a one year high of $65.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.78.

Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The company had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $452.60 million. Overstock.com’s revenue for the quarter was down 4.0% on a year-over-year basis. research analysts forecast that Overstock.com, Inc. will post -0.47 earnings per share for the current fiscal year.

Several research firms have recently commented on OSTK. DA Davidson raised their target price on shares of Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.

In other Overstock.com news, insider Jonathan E. Johnson III sold 17,500 shares of Overstock.com stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $25.00, for a total value of $437,500.00. Following the completion of the transaction, the insider now directly owns 52,092 shares of the company’s stock, valued at $1,302,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Amit Goyal sold 2,762 shares of Overstock.com stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $55.49, for a total transaction of $153,263.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,886 shares of company stock valued at $1,290,961. 28.90% of the stock is currently owned by corporate insiders.

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Overstock.com Company Profile

Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

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

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