Charles Schwab Investment Management Inc. reduced its position in Beyond, Inc. (NYSE:BYON - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 428,291 shares of the company's stock after selling 166,669 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.93% of Beyond worth $2,111,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in BYON. Bank of New York Mellon Corp lifted its position in shares of Beyond by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company's stock worth $672,000 after buying an additional 1,292 shares during the last quarter. Franklin Resources Inc. raised its stake in Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company's stock worth $217,000 after acquiring an additional 2,411 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Beyond by 25.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company's stock worth $152,000 after acquiring an additional 3,059 shares during the last quarter. Dupree Financial Group LLC boosted its stake in shares of Beyond by 4.6% in the 4th quarter. Dupree Financial Group LLC now owns 94,149 shares of the company's stock valued at $464,000 after purchasing an additional 4,107 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Beyond by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 12,500 shares of the company's stock valued at $126,000 after purchasing an additional 5,000 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Beyond news, Chairman Marcus Lemonis acquired 19,193 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the transaction, the chairman now owns 456,151 shares in the company, valued at approximately $2,294,439.53. The trade was a 4.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on BYON shares. Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a research note on Wednesday, March 19th. Maxim Group dropped their price target on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group cut their price objective on Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a report on Monday, March 10th. Needham & Company LLC cut Beyond from a "buy" rating to a "hold" rating and set a $9.00 target price for the company. in a report on Wednesday, March 5th. Finally, Argus downgraded Beyond from a "hold" rating to a "sell" rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Beyond presently has a consensus rating of "Hold" and an average price target of $9.64.
Get Our Latest Research Report on Beyond
Beyond Price Performance
BYON remained flat at $5.03 during midday trading on Wednesday. The company's stock had a trading volume of 2,570,801 shares, compared to its average volume of 2,588,400. The business has a fifty day moving average price of $6.83 and a 200 day moving average price of $7.06. Beyond, Inc. has a 52-week low of $4.45 and a 52-week high of $34.77. The firm has a market capitalization of $277.04 million, a price-to-earnings ratio of -0.68 and a beta of 3.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91.
Beyond (NYSE:BYON - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing analysts' consensus estimates of ($0.74) by ($0.17). The company had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. On average, sell-side analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.
Beyond Profile
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Free Report)
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.
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