Stone Ridge Asset Management LLC bought a new stake in shares of Overstock.com Inc (NASDAQ:OSTK) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 32,406 shares of the company’s stock, valued at approximately $2,071,000. Stone Ridge Asset Management LLC owned about 0.13% of Overstock.com at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Overstock.com during the third quarter worth about $109,000. Edge Wealth Management LLC bought a new position in shares of Overstock.com during the fourth quarter worth about $130,000. Pier 88 Investment Partners LLC bought a new position in shares of Overstock.com during the fourth quarter worth about $147,000. Parametric Portfolio Associates LLC bought a new position in shares of Overstock.com during the second quarter worth about $192,000. Finally, Nationwide Fund Advisors grew its position in shares of Overstock.com by 20.1% during the second quarter. Nationwide Fund Advisors now owns 12,382 shares of the company’s stock worth $202,000 after acquiring an additional 2,074 shares during the last quarter. Hedge funds and other institutional investors own 69.08% of the company’s stock.
Several research firms have recently commented on OSTK. BidaskClub lowered shares of Overstock.com from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. DA Davidson upped their price target on shares of Overstock.com from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, January 8th.
Shares of Overstock.com Inc (NASDAQ:OSTK) opened at $52.10 on Wednesday. Overstock.com Inc has a 1-year low of $13.75 and a 1-year high of $89.80. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.33.
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Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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