JPMorgan Chase & Co. Increases Stake in Beyond, Inc. (NYSE:BYON)

JPMorgan Chase & Co. boosted its holdings in Beyond, Inc. (NYSE:BYON - Free Report) by 34.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 389,694 shares of the company's stock after purchasing an additional 100,335 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.85% of Beyond worth $3,928,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company's stock worth $10,247,000 after acquiring an additional 8,580 shares during the last quarter. Royce & Associates LP grew its position in shares of Beyond by 57.8% in the third quarter. Royce & Associates LP now owns 845,977 shares of the company's stock valued at $8,527,000 after purchasing an additional 309,810 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Beyond during the second quarter worth about $9,538,000. ProShare Advisors LLC purchased a new position in shares of Beyond during the 2nd quarter worth $3,800,000. Finally, swisspartners Advisors Ltd raised its position in Beyond by 2.9% in the third quarter. swisspartners Advisors Ltd now owns 226,395 shares of the company's stock valued at $2,282,000 after purchasing an additional 6,280 shares during the period. Hedge funds and other institutional investors own 76.30% of the company's stock.

Beyond Stock Performance

BYON stock traded down $0.28 during midday trading on Friday, reaching $5.88. 1,653,247 shares of the company's stock traded hands, compared to its average volume of 2,654,749. The company has a 50-day simple moving average of $5.73 and a two-hundred day simple moving average of $8.79. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a 1-year low of $4.45 and a 1-year high of $37.10.

Insiders Place Their Bets

In related news, Chairman Marcus Lemonis purchased 156,985 shares of the stock in a transaction on Sunday, October 27th. The shares were purchased at an average price of $6.37 per share, with a total value of $999,994.45. Following the transaction, the chairman now directly owns 365,530 shares of the company's stock, valued at $2,328,426.10. This trade represents a 75.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on BYON. Piper Sandler cut their price objective on shares of Beyond from $14.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Jefferies Financial Group dropped their target price on shares of Beyond from $14.00 to $11.00 and set a "hold" rating for the company in a report on Monday, September 23rd. Needham & Company LLC reissued a "buy" rating and issued a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Wedbush decreased their price objective on Beyond from $25.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Bank of America downgraded Beyond from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $12.50 to $6.00 in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.38.

Beyond Profile

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.