Hedge Funds Now Own 76.2% Of Overstock.com, Inc. (OSTK)

Overstock.com, Inc. (NASDAQ:OSTK) has made a 358.55% comeback from a 12-month low price of $13.75. It was seen 5% higher, changing the price to $63.05, when the closing bell rang on 03/08/2018. At recent session, the prices were hovering between $58.6 and $63.45. This company shares are 74.46% off its target price of $110 and the current market capitalization stands at $1.51B. The recent change has given its price a -6.56% deficit over SMA 50 and -29.79% deficit over its 52-week high. The stock witnessed 14.64% gains, 37.51% gains and 160% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found OSTK’s volatility during a week at 7.03% and during a month it has been found around 7.73%.

Overstock.com, Inc. (OSTK) Top Holders

Institutional investors currently hold around $1.04 billion or 76.2% in OSTK stock. Look at its top three institutional owners. Morgan Stanley owns $154.82 million in Overstock.com, Inc., which represents roughly 10.25% of the company’s market cap and approximately 14.87% of the institutional ownership. Similar statistics are true for the second largest owner, Soros Fund Management Llc, which owns 2,472,188 shares of the stock are valued at $148.46 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $96.69 million worth of this stock and that ownership represents nearly 6.4% of its market capitalization.

Overstock.com, Inc. 13F Filings

At the end of 12/31/2017 reporting period, 104 institutional holders increased their position in Overstock.com, Inc. (NASDAQ:OSTK) by some 10,749,100 shares, 64 decreased positions by 5,357,553 and 7 held positions by 1,228,208. That puts total institutional holdings at 17,334,861 shares, according to SEC filings. The stock grabbed 76 new institutional investments totaling 7,806,250 shares while 26 institutional investors sold out their entire positions totaling 3,614,099 shares.

Overstock.com, Inc. (NASDAQ:OSTK) Insider Trades

Multiple company employees have indulged in significant insider trading. Overstock.com, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President, Medici Johnson Jonathan E Iii has sold 4,000 shares of Overstock.com, Inc. (OSTK) in trading session dated Feb. 01, 2018. These shares are worth $264,400 and were traded at $66.1 each. The SEC filing shows that Johnson Jonathan E Iii performed a sale of 4,000 shares. The President, Medici disposed these shares by way of transaction on Jan. 02, 2018. The company’s shares were given away at $64.1 per share worth to an income of some $256,400 on account of Johnson Jonathan E Iii.

President, Medici, Johnson Jonathan E Iii, sold 4,000 common shares of Overstock.com, Inc. (OSTK) in the open market. In a transaction dated Dec. 01, 2017, the shares were put up for sale at an average price of $48.75, raking in a sum of $195,000. After this sale, 39,781 common shares of OSTK are directly owned by the insider, with total stake valued at $2,508,192.

In the transaction dated Nov. 30, 2017, the great number of shares disposed came courtesy the SVP, Technology & People Care; Lee Carter Paul disposed a total of 2,000 shares at an average price of $47.28, amounting to approximately $94,560. The insider now directly owns 4,366 shares worth $275,276.

Overstock.com, Inc. (OSTK) Analyst Guide

Not many analysts have released their opinion on Overstock.com, Inc. (NASDAQ:OSTK), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

Previous article75.4% Of Sunesis Pharmaceuticals, Inc. (SNSS) Is Owned By Hedge Funds
Next articleInstitutional investors now have $417 million stake in Adaptimmune Therapeutics plc (ADAP)