Deutsche Bank AG Raises Stock Position in Beyond, Inc. (NYSE:BYON)

Deutsche Bank AG boosted its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 1,162.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 480,424 shares of the company's stock after acquiring an additional 442,380 shares during the quarter. Deutsche Bank AG owned about 1.04% of Beyond worth $2,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Beyond during the 4th quarter worth $30,000. Canada Pension Plan Investment Board purchased a new position in Beyond during the fourth quarter worth about $32,000. R Squared Ltd acquired a new stake in shares of Beyond during the fourth quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Beyond by 68.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock valued at $32,000 after acquiring an additional 2,678 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Beyond in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 76.30% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

Beyond Stock Down 1.9%

BYON traded down $0.12 on Wednesday, hitting $6.48. 601,291 shares of the company were exchanged, compared to its average volume of 3,215,282. The firm has a 50-day moving average price of $4.71 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, Inc. has a twelve month low of $3.54 and a twelve month high of $16.50. The company has a market cap of $373.53 million, a price-to-earnings ratio of -0.88 and a beta of 3.23.

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

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.