D. E. Shaw & Co. Inc. Has $1.24 Million Stock Holdings in Beyond, Inc. (NYSE:BYON)

D. E. Shaw & Co. Inc. raised its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 387.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 251,346 shares of the company's stock after buying an additional 199,807 shares during the period. D. E. Shaw & Co. Inc. owned about 0.55% of Beyond worth $1,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BYON. Deutsche Bank AG increased its holdings in Beyond by 1,162.8% in the fourth quarter. Deutsche Bank AG now owns 480,424 shares of the company's stock worth $2,368,000 after buying an additional 442,380 shares during the last quarter. Corton Capital Inc. bought a new position in shares of Beyond during the 4th quarter valued at $222,000. Cetera Investment Advisers lifted its stake in shares of Beyond by 128.3% in the 4th quarter. Cetera Investment Advisers now owns 102,560 shares of the company's stock valued at $506,000 after purchasing an additional 57,645 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Beyond by 654.5% in the fourth quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company's stock worth $3,295,000 after purchasing an additional 579,826 shares in the last quarter. Finally, Northern Trust Corp increased its position in Beyond by 5.6% during the fourth quarter. Northern Trust Corp now owns 419,450 shares of the company's stock worth $2,068,000 after buying an additional 22,276 shares during the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Price Performance

NYSE BYON traded down $0.13 during trading hours on Wednesday, reaching $6.48. 601,291 shares of the company's stock were exchanged, compared to its average volume of 2,669,061. The firm has a fifty day moving average of $4.71 and a 200-day moving average 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, Inc. has a one year low of $3.54 and a one year high of $16.50. The stock has a market cap of $373.47 million, a PE ratio of -0.88 and a beta of 3.23.

Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.67) by $0.25. The business had revenue of $231.75 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was down 39.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.22) earnings per share. On average, equities research analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis acquired 19,193 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, the chairman now directly owns 456,151 shares in the company, valued at $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 this hyperlink. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BYON. Jefferies Financial Group decreased their price target on Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Barclays decreased their target price on Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Maxim Group dropped their price target on shares of Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of Beyond in a research report on Wednesday, April 30th. Finally, Wedbush reiterated an "outperform" rating and issued a $15.00 target price on shares of Beyond in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $9.14.

About Beyond

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.