Dimensional Fund Advisors LP Decreases Position in Beyond, Inc. (NYSE:BYON)

Dimensional Fund Advisors LP trimmed its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 541,083 shares of the company's stock after selling 63,123 shares during the quarter. Dimensional Fund Advisors LP owned about 1.17% of Beyond worth $2,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Beyond by 26.4% during the 4th quarter. Invesco Ltd. now owns 796,445 shares of the company's stock worth $3,926,000 after acquiring an additional 166,411 shares during the period. Federated Hermes Inc. boosted its stake in shares of Beyond by 390.0% in the fourth quarter. Federated Hermes Inc. now owns 728,158 shares of the company's stock valued at $3,590,000 after buying an additional 579,565 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Beyond by 63.2% in the fourth quarter. JPMorgan Chase & Co. now owns 636,141 shares of the company's stock valued at $3,136,000 after buying an additional 246,447 shares in the last quarter. Refined Wealth Management boosted its stake in shares of Beyond by 14.8% in the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company's stock valued at $1,977,000 after buying an additional 51,763 shares in the last quarter. Finally, Pamplona Capital Management LLC purchased a new stake in shares of Beyond in the fourth quarter valued at approximately $1,630,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on BYON. Wedbush restated an "outperform" rating and issued a $15.00 price target on shares of Beyond in a research note on Tuesday, April 22nd. Barclays reduced their price objective on Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Finally, Maxim Group reduced their price objective on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Beyond presently has a consensus rating of "Hold" and an average price target of $9.14.

Beyond Price Performance

Shares of NYSE BYON traded up $0.56 during trading on Friday, reaching $6.70. The company had a trading volume of 4,255,801 shares, compared to its average volume of 2,656,037. Beyond, Inc. has a twelve month low of $3.54 and a twelve month high of $18.33. The stock has a market capitalization of $386.68 million, a PE ratio of -0.91 and a beta of 3.23. The stock has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $5.80. 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 (NYSE:BYON - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.67) by $0.25. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The company had revenue of $231.75 million during the quarter, compared to analysts' expectations of $288.13 million. During the same period in the previous year, the firm posted ($1.22) earnings per share. The business's revenue for the quarter was down 39.4% compared to the same quarter last year. As a group, sell-side analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current year.

Insider Transactions at Beyond

In other Beyond news, Chairman Marcus Lemonis acquired 19,193 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the transaction, the chairman now directly owns 456,151 shares in the company, valued at approximately $2,294,439.53. This trade represents a 4.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company's stock.

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.