Banco Bilbao Vizcaya Argentaria S.A. Boosts Holdings in Overstock.com, Inc. (NASDAQ:OSTK)

Posted by Defense World Staff on Jun 5th, 2023

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,010 shares of the company’s stock after purchasing an additional 1,675 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Overstock.com were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Overstock.com in the fourth quarter worth $29,000. Covestor Ltd raised its stake in Overstock.com by 7,081.8% during the first quarter. Covestor Ltd now owns 790 shares of the company’s stock valued at $35,000 after purchasing an additional 779 shares in the last quarter. Captrust Financial Advisors raised its stake in Overstock.com by 61.7% during the second quarter. Captrust Financial Advisors now owns 1,677 shares of the company’s stock valued at $42,000 after purchasing an additional 640 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Overstock.com by 35.0% during the third quarter. Public Employees Retirement System of Ohio now owns 2,115 shares of the company’s stock valued at $52,000 after purchasing an additional 548 shares in the last quarter. Finally, CWM LLC raised its stake in Overstock.com by 160.5% during the fourth quarter. CWM LLC now owns 2,782 shares of the company’s stock valued at $54,000 after purchasing an additional 1,714 shares in the last quarter. 62.13% of the stock is currently owned by institutional investors.

Overstock.com Stock Performance

Shares of NASDAQ OSTK opened at $19.68 on Monday. The firm’s 50 day simple moving average is $19.14 and its 200-day simple moving average is $20.53. Overstock.com, Inc. has a 12 month low of $17.05 and a 12 month high of $35.20. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05.

Overstock.com (NASDAQ:OSTK – Get Rating) last released its earnings results on Thursday, April 27th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.06. The company had revenue of $381.10 million during the quarter, compared to the consensus estimate of $357.55 million. Overstock.com had a positive return on equity of 1.20% and a negative net margin of 3.14%. Overstock.com’s revenue was down 28.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. As a group, sell-side analysts anticipate that Overstock.com, Inc. will post -0.28 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on OSTK shares. DA Davidson cut their price objective on shares of Overstock.com from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, February 23rd. StockNews.com cut shares of Overstock.com from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Sandler boosted their price objective on shares of Overstock.com from $19.00 to $20.00 in a research report on Friday, April 28th. Wedbush restated an “outperform” rating and issued a $26.00 price target on shares of Overstock.com in a report on Friday, April 21st. Finally, Barclays cut their price target on shares of Overstock.com from $23.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.29.

Insider Buying and Selling at Overstock.com

In other news, insider Eric Glen Nickle sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $17.19, for a total transaction of $34,380.00. Following the sale, the insider now owns 15,434 shares of the company’s stock, valued at approximately $265,310.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Overstock.com Company Profile

(Get Rating)

Overstock.com, Inc operates an online shopping 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.