JPMorgan Chase & Co. Grows Stock Position in Beyond, Inc. (NYSE:BYON)

JPMorgan Chase & Co. raised its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 636,141 shares of the company's stock after buying an additional 246,447 shares during the period. JPMorgan Chase & Co. owned about 1.38% of Beyond worth $3,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BYON. State Street Corp boosted its holdings in shares of Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company's stock worth $10,247,000 after purchasing an additional 8,580 shares during the period. Refined Wealth Management lifted its holdings in 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 period. SRN Advisors LLC grew its position in shares of Beyond by 164.5% in the 4th quarter. SRN Advisors LLC now owns 320,001 shares of the company's stock worth $1,578,000 after buying an additional 199,000 shares during the last quarter. LPL Financial LLC increased its stake in shares of Beyond by 4.2% during the fourth quarter. LPL Financial LLC now owns 177,996 shares of the company's stock valued at $878,000 after buying an additional 7,147 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Beyond by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company's stock valued at $672,000 after acquiring an additional 1,292 shares in the last quarter. 76.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on BYON shares. Wedbush restated an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a report on Tuesday. 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 report on Wednesday, February 26th. Barclays reduced their target price on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Thursday, January 9th. Jefferies Financial Group lowered their target price on Beyond from $7.25 to $6.50 and set a "hold" rating for the company in a research note on Monday, March 10th. Finally, Needham & Company LLC cut Beyond from a "buy" rating to a "hold" rating and set a $9.00 price target on the stock. in a research note on Wednesday, March 5th. Two investment 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, Beyond presently has a consensus rating of "Hold" and a consensus target price of $9.64.

Insiders Place Their Bets

In related news, Chairman Marcus Lemonis bought 19,193 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the acquisition, the chairman now owns 456,151 shares of the company's stock, valued at $2,294,439.53. This trade represents a 4.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Beyond Stock Down 2.6 %

Shares of BYON traded down $0.11 during trading hours on Friday, hitting $4.10. The company had a trading volume of 1,295,317 shares, compared to its average volume of 2,636,459. The stock has a market capitalization of $226.41 million, a price-to-earnings ratio of -0.55 and a beta of 4.09. The firm has a fifty day moving average price of $5.17 and a 200-day moving average price of $6.29. Beyond, Inc. has a 52-week low of $3.54 and a 52-week high of $22.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97.

Beyond (NYSE:BYON - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.17). Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The firm had revenue of $303.15 million during the quarter, compared to the consensus estimate of $337.96 million. On average, equities research analysts forecast that Beyond, Inc. will post -3.75 EPS for the current fiscal 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.