Charles Schwab Investment Management Inc. lessened its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 21.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 594,960 shares of the company's stock after selling 163,456 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.29% of Beyond worth $5,997,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of BYON. Dimensional Fund Advisors LP purchased a new stake in shares of Beyond during the 2nd quarter worth approximately $9,538,000. Refined Wealth Management purchased a new stake in Beyond during the second quarter worth $4,201,000. Royce & Associates LP increased 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 buying an additional 309,810 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Beyond during the 2nd quarter worth $3,800,000. Finally, Bank of New York Mellon Corp acquired a new position in Beyond during the second quarter worth about $2,188,000. Hedge funds and other institutional investors own 76.30% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Piper Sandler decreased their target price on shares of Beyond from $14.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Bank of America cut Beyond from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $12.50 to $6.00 in a report on Friday, October 25th. Barclays cut their price objective on Beyond from $14.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th. Finally, Maxim Group reduced their target price on shares of Beyond from $33.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $16.50.
Get Our Latest Analysis on Beyond
Beyond Stock Performance
NYSE:BYON traded down $0.31 during trading hours on Friday, reaching $5.27. 1,253,241 shares of the stock were exchanged, compared to its average volume of 1,986,844. The stock has a market capitalization of $242.68 million, a P/E ratio of -0.73 and a beta of 3.70. The firm has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $10.41. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a 52 week low of $5.27 and a 52 week high of $37.10.
Insider Activity at Beyond
In related news, Chairman Marcus Lemonis purchased 156,985 shares of the business's stock in a transaction that occurred on Sunday, October 27th. The shares were acquired at an average price of $6.37 per share, with a total value of $999,994.45. Following the acquisition, the chairman now owns 365,530 shares in the company, valued at approximately $2,328,426.10. This trade represents a 75.28 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.
About Beyond
(
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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