Toronto Dominion Bank Acquires New Stake in Overstock.com, Inc. (NASDAQ:OSTK)

Toronto Dominion Bank acquired a new stake in Overstock.com, Inc. (NASDAQ:OSTK) during the 3rd quarter, Holdings Channel reports. The fund acquired 2,873 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. bought a new stake in Overstock.com during the 2nd quarter worth about $341,000. Sei Investments Co. bought a new stake in Overstock.com during the 2nd quarter worth about $334,000. O Shaughnessy Asset Management LLC lifted its position in Overstock.com by 390.1% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 1,240 shares of the company’s stock worth $114,000 after buying an additional 987 shares in the last quarter. Rafferty Asset Management LLC lifted its position in Overstock.com by 9.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,224 shares of the company’s stock worth $1,035,000 after buying an additional 985 shares in the last quarter. Finally, Citigroup Inc. lifted its position in Overstock.com by 3.5% during the 2nd quarter. Citigroup Inc. now owns 41,515 shares of the company’s stock worth $3,828,000 after buying an additional 1,391 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Mark Alan Baker sold 1,000 shares of the company’s stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ronald Hilton sold 5,737 shares of the company’s stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $103.59, for a total transaction of $594,295.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,287 shares of company stock worth $1,925,448. 1.10% of the stock is owned by company insiders.

OSTK has been the topic of several analyst reports. Credit Suisse Group boosted their price target on shares of Overstock.com from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 29th. DA Davidson boosted their price target on shares of Overstock.com from $130.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, October 29th. Finally, Guggenheim started coverage on shares of Overstock.com in a research note on Monday, November 22nd. They set a “neutral” rating and a $111.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $113.43.

Overstock.com stock opened at $49.15 on Friday. The firm has a market capitalization of $2.11 billion, a PE ratio of 6.39, a P/E/G ratio of 0.57 and a beta of 4.09. The company’s 50-day moving average is $76.61 and its 200-day moving average is $78.05. Overstock.com, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $112.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.87 and a quick ratio of 1.85.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Thursday, October 28th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. Overstock.com had a net margin of 13.05% and a return on equity of 26.03%. The company had revenue of $689.39 million for the quarter, compared to analyst estimates of $682.83 million. During the same period in the previous year, the business earned $0.50 EPS. Overstock.com’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, analysts expect that Overstock.com, Inc. will post 2.33 EPS for the current year.

About Overstock.com

Overstock.com, Inc operates online shopping commercial site. It also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and MVI. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers.

Further Reading: Shanghai Stock Exchange Composite Index

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

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