Shares of Overstock.com Inc (NASDAQ:OSTK) dropped 5% during mid-day trading on Monday . The stock traded as low as $54.00 and last traded at $55.65. Approximately 4,263,454 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 5,192,326 shares. The stock had previously closed at $58.60.

OSTK has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of Overstock.com to $57.00 in a research note on Wednesday, October 25th. BidaskClub cut shares of Overstock.com from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86. The firm has a market cap of $1,420.00, a PE ratio of -131.74 and a beta of 1.47.

In other news, SVP Carter Paul Lee sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $47.28, for a total transaction of $94,560.00. Following the sale, the senior vice president now owns 3,089 shares in the company, valued at approximately $146,047.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan E. Johnson III sold 4,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $48.75, for a total transaction of $195,000.00. Following the sale, the insider now owns 42,092 shares in the company, valued at approximately $2,051,985. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,000 shares of company stock worth $810,360. Corporate insiders own 28.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of OSTK. Schwab Charles Investment Management Inc. raised its position in shares of Overstock.com by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 64,899 shares of the company’s stock valued at $1,058,000 after buying an additional 456 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Overstock.com by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,279 shares of the company’s stock valued at $1,243,000 after buying an additional 14,098 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Overstock.com by 41.8% during the 2nd quarter. Teachers Advisors LLC now owns 46,641 shares of the company’s stock valued at $760,000 after buying an additional 13,755 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Overstock.com by 22.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 62,601 shares of the company’s stock valued at $1,020,000 after buying an additional 11,429 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Overstock.com by 20.1% during the 2nd quarter. Nationwide Fund Advisors now owns 12,382 shares of the company’s stock valued at $202,000 after buying an additional 2,074 shares in the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

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Overstock.com Company Profile

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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