Overstock.com, Inc. (OSTK) Shares Bought by IndexIQ Advisors LLC


An employee scans an order in the shipping area at the

Overstock.com, Inc. (NASDAQ:OSTK) on November 8, 2017 saw a significant decline, closing the day at $40.45, or a decline of $0.35 or (0.87%).Volume levels spiked and OSTK actually managed a breakout which translated to 2.23 million shares changing hands on the day.

Several equities analysts have recently issued reports on the stock. DA Davidson’s price objective indicates a potential upside of 79.71% from the company’s previous close. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.

Company shares have been seen trading 0.94% off of the 52 week high and 288.73% away from the 52 week low. The average volume stands around 2684330. Their 52-Week High and Low are noted here. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.34. (NASDAQ:OSTK) has made available a video replay of the e-commerce leader’s Q3 earnings call on the company’s Public Relations YouTube channel. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright law. The shares were sold at an average price of $25.00, for a total transaction of $437,500.00. Following the sale, the insider now directly owns 71,092 shares of the company’s stock, valued at approximately $1,421,840. Also, insider Jonathan E. Johnson III sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The disposition, at a price of $46.8, resulted in Jonathan Johnson bringing total 44092 shares. Following the transaction, the insider now owns 48,092 shares in the company, valued at $1,447,569.20. The disclosure for this sale can be found here.

In last year’s third quarter, revenues totaled $441.6 million, and the net loss totaled $3.1 million or 12 cents per share. Corporate insiders own 28.90% of the company’s stock. Vanguard Group Inc. boosted its holdings in Overstock.com by 5.2% in the second quarter. In the first nine months of a year ago, the company had net income of $9.43 million or 37 cents per share, but that included a one-time gain of $19.5 million from the settlement of a lawsuit in its favor. Renaissance Technologies LLC increased its position in shares of Overstock.com by 16.9% in the 2nd quarter. Renaissance Technologies LLC now owns 934,000 shares of the company’s stock worth $15,224,000 after purchasing an additional 135,200 shares during the period. Penserra Capital Management LLC increased its position in shares of Overstock.com by 447.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,279 shares of the company’s stock worth $1,243,000 after purchasing an additional 14,098 shares during the period. Nationwide Fund Advisors raised its position in Overstock.com by 7.9% in the second quarter. BlackRock Inc. now owns 8,588 shares of the company’s stock worth $132,000 after buying an additional 216 shares in the last quarter.

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