BNP Paribas Financial Markets Raises Stock Holdings in Beyond, Inc. (NYSE:BYON)

BNP Paribas Financial Markets boosted its position in Beyond, Inc. (NYSE:BYON - Free Report) by 654.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 668,415 shares of the company's stock after buying an additional 579,826 shares during the quarter. BNP Paribas Financial Markets owned approximately 1.45% of Beyond worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Beyond by 26.4% during the fourth quarter. Invesco Ltd. now owns 796,445 shares of the company's stock valued at $3,926,000 after acquiring an additional 166,411 shares in the last quarter. Federated Hermes Inc. increased its stake in Beyond by 390.0% in the 4th quarter. Federated Hermes Inc. now owns 728,158 shares of the company's stock worth $3,590,000 after acquiring an additional 579,565 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Beyond by 63.2% during the fourth quarter. JPMorgan Chase & Co. now owns 636,141 shares of the company's stock worth $3,136,000 after purchasing an additional 246,447 shares in the last quarter. Northern Trust Corp increased its position in shares of Beyond by 5.6% in the fourth quarter. Northern Trust Corp now owns 419,450 shares of the company's stock worth $2,068,000 after purchasing an additional 22,276 shares during the last quarter. Finally, Refined Wealth Management increased its holdings in shares of Beyond by 14.8% in the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company's stock worth $1,977,000 after buying an additional 51,763 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors.

Beyond Stock Down 6.4%

NYSE:BYON traded down $0.43 during mid-day trading on Wednesday, hitting $6.21. 561,923 shares of the company's stock were exchanged, compared to its average volume of 2,650,286. Beyond, Inc. has a one year low of $3.54 and a one year high of $17.69. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The business has a fifty day moving average price of $4.64 and a 200 day moving average price of $5.81. The company has a market cap of $358.42 million, a PE ratio of -0.84 and a beta of 3.23.

Beyond (NYSE:BYON - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.67) by $0.25. The company had revenue of $231.75 million for the quarter, compared to the consensus estimate of $288.13 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The firm's quarterly revenue was down 39.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.22) EPS. Equities analysts predict that Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Beyond

In other Beyond news, Chairman Marcus Lemonis purchased 19,193 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the purchase, the chairman now directly owns 456,151 shares of the company's stock, valued at $2,294,439.53. This trade represents a 4.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Beyond Company 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.