Office Depot, Inc. (NASDAQ:ODP) reached 68.5% versus a 1-year low price of $2. The stock was last seen 6.98% higher, reaching at $3.37 on 02/13/2019. At recent session, the prices were hovering between $3.1355 and $3.46. This company shares are 1.78% off its target price of $3.43 and the current market capitalization stands at $1.87B. The recent change has given its price a 17.59% lead over SMA 50 and -7.16% deficit over its 52-week high. The stock witnessed 14.24% gains, 3.69% gains and 11.96% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ODP’s volatility during a week at 4.97% and during a month it has been found around 3.61%.

Office Depot, Inc. (ODP) Top Holders

Institutional investors currently hold around $1.56 billion or 93.6% in ODP stock. Look at its top three institutional owners. Blackrock Inc. owns $251.96 million in Office Depot, Inc., which represents roughly 13.47% of the company’s market cap and approximately 16.11% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 55,848,604 shares of the stock are valued at $175.92 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $146.52 million worth of this stock and that ownership represents nearly 7.84% of its market capitalization.

Office Depot, Inc. 13F Filings

At the end of December reporting period, 139 institutional holders increased their position in Office Depot, Inc. (NASDAQ:ODP) by some 46,935,831 shares, 98 decreased positions by 36,292,427 and 52 held positions by 413,392,243. That puts total institutional holdings at 496,620,501 shares, according to SEC filings. The stock grabbed 48 new institutional investments totaling 13,863,548 shares while 30 institutional investors sold out their entire positions totaling 8,743,785 shares.

Office Depot, Inc. (NASDAQ:ODP) Insider Trades

Multiple company employees have indulged in significant insider trading. Office Depot, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman of the Board Vassalluzzo Joseph has acquired 58,800 shares of Office Depot, Inc. (ODP) in trading session dated Jun. 04, 2018. These shares are worth $149,940 and were traded at $2.55 each. The SEC filing shows that Travis Nigel performed a purchase of 10,000 shares. The Director added these shares by way of transaction on May. 31, 2018. The company’s shares were assimilated at $2.39 per share worth to an investment of some $23,900 on account of Travis Nigel.

EVP & CFO, Lower Joseph T, purchased 20,000 common shares of Office Depot, Inc. (ODP) in the open market. In a transaction dated May. 30, 2018, the shares were bought at an average price of $2.39, giving away a sum of $47,800. After this purchase, 872,552 common shares of ODP are directly owned by the insider, with total stake valued at $2,940,500.

In the transaction dated Jan. 08, 2018, the great number of shares disposed came courtesy the Sr Vice President & Controller; Rabinovitch Michael disposed a total of 1,352 shares at an average price of $3.43, amounting to approximately $4,637. The insider now directly owns 83,839 shares worth $282,537.

Office Depot, Inc. (ODP) Analyst Guide

Several analysts have released their opinion on Office Depot, Inc. (NASDAQ:ODP), with 1 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 1 strong sell ratings, collectively assigning a 3.2 average brokerage recommendation.