Victory Capital Management Inc. grew its stake in shares of Overstock.com, Inc. (NASDAQ:OSTK - Get Rating) by 62.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,422 shares of the company's stock after buying an additional 47,802 shares during the quarter. Victory Capital Management Inc. owned 0.27% of Overstock.com worth $3,030,000 at the end of the most recent quarter.
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Other institutional investors and hedge funds have also recently modified their holdings of the company. Rice Hall James & Associates LLC grew its stake in shares of Overstock.com by 3.7% in the third quarter. Rice Hall James & Associates LLC now owns 565,289 shares of the company's stock worth $13,765,000 after purchasing an additional 20,183 shares during the last quarter. swisspartners Ltd. grew its stake in shares of Overstock.com by 50.0% in the third quarter. swisspartners Ltd. now owns 45,000 shares of the company's stock worth $1,096,000 after purchasing an additional 15,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Overstock.com in the third quarter worth about $139,000. Advisor Resource Council grew its stake in shares of Overstock.com by 32.3% in the third quarter. Advisor Resource Council now owns 44,706 shares of the company's stock worth $1,089,000 after purchasing an additional 10,910 shares during the last quarter. Finally, Refined Wealth Management grew its stake in shares of Overstock.com by 12.8% in the third quarter. Refined Wealth Management now owns 153,867 shares of the company's stock worth $3,747,000 after purchasing an additional 17,508 shares during the last quarter. 62.13% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
OSTK has been the topic of several recent analyst reports. Needham & Company LLC cut Overstock.com from a "buy" rating to a "hold" rating in a research note on Wednesday, January 4th. Jefferies Financial Group assumed coverage on Overstock.com in a research report on Friday, January 13th. They set a "hold" rating and a $20.00 price objective on the stock. Argus assumed coverage on Overstock.com in a research report on Thursday, October 20th. They set a "hold" rating on the stock. StockNews.com assumed coverage on Overstock.com in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Overstock.com in a research report on Tuesday, October 4th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $47.17.
Overstock.com Price Performance
OSTK stock opened at $24.21 on Wednesday. The firm has a 50 day moving average price of $21.76 and a 200-day moving average price of $24.79. Overstock.com, Inc. has a 52-week low of $17.05 and a 52-week high of $59.46. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 121.06, a PEG ratio of 4.03 and a beta of 3.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04.
Overstock.com, Inc operates online shopping commercial site. It also sells these products through URL, URL, and URL. 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.
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