Schwab Charles Investment Management Inc. boosted its stake in Overstock.com, Inc. (NASDAQ:OSTK) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,443 shares of the company’s stock after buying an additional 4,104 shares during the period. Schwab Charles Investment Management Inc. owned about 0.26% of Overstock.com worth $1,109,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Overstock.com by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 62,181 shares of the company’s stock valued at $1,070,000 after buying an additional 274 shares during the period. American International Group Inc. boosted its stake in Overstock.com by 7.0% in the first quarter. American International Group Inc. now owns 8,130 shares of the company’s stock valued at $140,000 after buying an additional 535 shares during the period. Nationwide Fund Advisors boosted its stake in Overstock.com by 5.9% in the first quarter. Nationwide Fund Advisors now owns 10,308 shares of the company’s stock valued at $177,000 after buying an additional 571 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Overstock.com by 12.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,042 shares of the company’s stock valued at $293,000 after buying an additional 1,876 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Overstock.com by 2.5% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 102,238 shares of the company’s stock valued at $1,758,000 after buying an additional 2,538 shares during the period. 44.33% of the stock is owned by institutional investors and hedge funds.

Shares of Overstock.com, Inc. (NASDAQ OSTK) traded down 0.47% during midday trading on Wednesday, reaching $21.30. 100,329 shares of the company were exchanged. The stock’s 50-day moving average price is $17.50 and its 200-day moving average price is $16.86. Overstock.com, Inc. has a 52-week low of $13.05 and a 52-week high of $21.90. The company’s market capitalization is $532.50 million.

Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.32. Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%. The business had revenue of $432.02 million for the quarter. Analysts anticipate that Overstock.com, Inc. will post ($0.17) EPS for the current year.

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Several research firms have recently issued reports on OSTK. Maxim Group set a $25.00 price objective on shares of Overstock.com and gave the stock a “buy” rating in a research report on Thursday, May 11th. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, TheStreet cut shares of Overstock.com from a “c” rating to a “d+” rating in a research report on Friday, May 26th.

In other news, insider Jonathan E. Johnson III sold 6,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the sale, the insider now owns 71,092 shares in the company, valued at approximately $1,421,840. The sale was disclosed in a 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 business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $18.51, for a total transaction of $37,020.00. Following the completion of the sale, the senior vice president now owns 8,958 shares in the company, valued at approximately $165,812.58. The disclosure for this sale can be found here. Insiders have sold 9,500 shares of company stock worth $182,520 in the last quarter. Corporate insiders own 28.90% of the company’s stock.

About Overstock.com

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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