Banco Bilbao Vizcaya Argentaria S.A. Acquires 1,675 Shares of Overstock.com, Inc. (NASDAQ:OSTK)

Posted by Defense World Staff on Jun 5th, 2023

Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) by 17.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of Overstock.com by 1.0% in the first quarter. Rhumbline Advisers now owns 44,727 shares of the company’s stock valued at $1,968,000 after purchasing an additional 430 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Overstock.com by 35.0% in the third quarter. Public Employees Retirement System of Ohio now owns 2,115 shares of the company’s stock valued at $52,000 after acquiring an additional 548 shares in the last quarter. Captrust Financial Advisors lifted its position in Overstock.com by 61.7% during the second quarter. Captrust Financial Advisors now owns 1,677 shares of the company’s stock worth $42,000 after buying an additional 640 shares in the last quarter. Covestor Ltd lifted its position in Overstock.com by 7,081.8% during the first quarter. Covestor Ltd now owns 790 shares of the company’s stock worth $35,000 after buying an additional 779 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Overstock.com by 15.2% during the fourth quarter. Larson Financial Group LLC now owns 7,309 shares of the company’s stock worth $142,000 after acquiring an additional 962 shares during the last quarter. 62.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Eric Glen Nickle sold 2,000 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $17.19, for a total transaction of $34,380.00. Following the completion of the sale, the insider now directly owns 15,434 shares in the company, valued at approximately $265,310.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler boosted their target price on Overstock.com from $19.00 to $20.00 in a research note on Friday, April 28th. TheStreet downgraded Overstock.com from a “c-” rating to a “d+” rating in a research report on Friday, March 10th. Barclays decreased their price objective on Overstock.com from $23.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, February 23rd. DA Davidson cut their price objective on Overstock.com from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, February 23rd. Finally, StockNews.com lowered Overstock.com from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Overstock.com has a consensus rating of “Hold” and an average target price of $34.29.

Overstock.com Trading Up 4.6 %

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

Overstock.com (NASDAQ:OSTK – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The firm had revenue of $381.10 million during the quarter, compared to analysts’ expectations of $357.55 million. Overstock.com had a negative net margin of 3.14% and a positive return on equity of 1.20%. The business’s revenue was down 28.9% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. On average, equities analysts predict that Overstock.com, Inc. will post -0.28 earnings per share for the current year.

Overstock.com Company Profile

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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.