Beyond, Inc. (NYSE:BYON) Stock Position Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in Beyond, Inc. (NYSE:BYON) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 594,960 shares of the company’s stock after selling 163,456 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.29% of Beyond worth $5,997,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BYON. Royce & Associates LP boosted its holdings in shares of Beyond by 57.8% during the third quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after purchasing an additional 309,810 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Beyond in the second quarter worth $9,538,000. Refined Wealth Management acquired a new stake in shares of Beyond in the second quarter worth $4,201,000. ProShare Advisors LLC acquired a new stake in shares of Beyond in the second quarter worth $3,800,000. Finally, swisspartners Advisors Ltd lifted its stake in shares of Beyond by 2.9% in the third quarter. swisspartners Advisors Ltd now owns 226,395 shares of the company’s stock worth $2,282,000 after buying an additional 6,280 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Stock Performance

NYSE BYON opened at $5.59 on Friday. The company’s 50 day moving average is $7.41 and its 200-day moving average is $10.44. Beyond, Inc. has a 12-month low of $5.45 and a 12-month high of $37.10. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market cap of $257.40 million, a P/E ratio of -0.76 and a beta of 3.70.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis purchased 156,985 shares of the stock in a transaction that occurred on Sunday, October 27th. The stock was bought at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the acquisition, the chairman now directly owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This represents a 75.28 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

BYON has been the topic of several analyst reports. Jefferies Financial Group lowered their price target on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Maxim Group lowered their price target on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Bank of America lowered shares of Beyond from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $12.50 to $6.00 in a report on Friday, October 25th. Wedbush lowered their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Beyond has a consensus rating of “Hold” and a consensus target price of $16.50.

Beyond Company 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.