Wells Fargo & Company MN reduced its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 65.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,344 shares of the company's stock after selling 60,585 shares during the period. Wells Fargo & Company MN owned 0.07% of Beyond worth $159,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 1,292 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Beyond by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock valued at $32,000 after buying an additional 2,678 shares in the last quarter. Dupree Financial Group LLC lifted its stake in Beyond by 4.6% during the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company's stock worth $464,000 after purchasing an additional 4,107 shares during the last quarter. AlphaQuest LLC grew its position in shares of Beyond by 26.0% during the 4th quarter. AlphaQuest LLC now owns 22,880 shares of the company's stock valued at $113,000 after buying an additional 4,727 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Beyond during the 4th quarter worth approximately $30,000. 76.30% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Beyond
In other 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 purchased at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the acquisition, the chairman now directly owns 456,151 shares of the company's stock, valued at $2,294,439.53. The trade was a 4.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on BYON. Maxim Group reduced their price objective on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Wedbush reiterated an "outperform" rating and set a $15.00 price objective on shares of Beyond in a research report on Tuesday, April 22nd. Jefferies Financial Group decreased their target price on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Barclays dropped their price target on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $9.14.
Get Our Latest Analysis on Beyond
Beyond Stock Up 2.8%
NYSE:BYON traded up $0.14 during trading hours on Tuesday, hitting $5.15. 2,431,896 shares of the company's stock traded hands, compared to its average volume of 2,638,429. The stock's fifty day moving average price is $4.56 and its two-hundred day moving average price is $5.82. The firm has a market cap of $297.05 million, a P/E ratio of -0.70 and a beta of 3.23. 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, Inc. has a twelve month low of $3.54 and a twelve month high of $22.39.
Beyond (NYSE:BYON - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.25. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The business had revenue of $231.75 million during the quarter, compared to analyst estimates of $288.13 million. During the same period last year, the company earned ($1.22) earnings per share. Beyond's quarterly revenue was down 39.4% compared to the same quarter last year. On average, research analysts expect that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.
Beyond Company Profile
(
Free Report)
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.
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