Bank of America Corp DE Sells 736,771 Shares of Beyond, Inc. (NYSE:BYON)

Bank of America Corp DE trimmed its position in Beyond, Inc. (NYSE:BYON - Free Report) by 86.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 112,031 shares of the company's stock after selling 736,771 shares during the period. Bank of America Corp DE owned about 0.24% of Beyond worth $552,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BYON. Invesco Ltd. grew its position 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 buying an additional 166,411 shares during the period. Federated Hermes Inc. grew its position in shares of Beyond by 390.0% during the 4th quarter. Federated Hermes Inc. now owns 728,158 shares of the company's stock valued at $3,590,000 after acquiring an additional 579,565 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Beyond by 654.5% during the 4th 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Beyond by 63.2% in the 4th 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 during the period. Finally, Northern Trust Corp lifted its stake in Beyond by 5.6% in the fourth quarter. Northern Trust Corp now owns 419,450 shares of the company's stock valued at $2,068,000 after purchasing an additional 22,276 shares during the last quarter. 76.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Beyond Price Performance

Shares of Beyond stock traded down $0.10 on Thursday, reaching $6.84. The stock had a trading volume of 677,046 shares, compared to its average volume of 2,716,785. The business's 50 day moving average is $5.05 and its two-hundred day moving average is $5.83. The company has a market cap of $394.52 million, a P/E ratio of -0.93 and a beta of 3.29. Beyond, Inc. has a 1 year low of $3.54 and a 1 year high of $16.50. 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 the consensus estimate of ($0.67) by $0.25. The firm had revenue of $231.75 million for the quarter, compared to analysts' expectations of $288.13 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business's quarterly revenue was down 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.22) earnings per share. As a group, research analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current year.

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.