State Street Corp Raises Stock Holdings in Beyond, Inc. (NYSE:BYON)

State Street Corp raised its position in shares of Beyond, Inc. (NYSE:BYON) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,016,563 shares of the company’s stock after buying an additional 8,580 shares during the period. State Street Corp owned about 2.21% of Beyond worth $10,247,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new position in Beyond in the second quarter worth $9,538,000. Royce & Associates LP lifted its position in Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after acquiring an additional 309,810 shares during the period. ProShare Advisors LLC bought a new stake in Beyond during the second quarter worth about $3,800,000. Bank of New York Mellon Corp bought a new position in shares of Beyond during the second quarter valued at approximately $2,188,000. Finally, Aptus Capital Advisors LLC purchased a new position in shares of Beyond during the second quarter valued at approximately $1,581,000. Institutional investors own 76.30% of the company’s stock.

Beyond Price Performance

Shares of BYON stock opened at $4.83 on Friday. The firm has a market capitalization of $222.40 million, a price-to-earnings ratio of -0.65 and a beta of 3.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The stock’s 50-day simple moving average is $6.29 and its 200-day simple moving average is $9.70. Beyond, Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $37.10.

Analysts Set New Price Targets

BYON has been the topic of several recent research reports. Bank of America downgraded Beyond from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Jefferies Financial Group reduced their price target on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Piper Sandler dropped their price target on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Finally, Barclays dropped their target price on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.50.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis acquired 156,985 shares of Beyond stock in a transaction dated Sunday, October 27th. The stock was purchased at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the purchase, the chairman now directly owns 365,530 shares in the company, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by insiders.

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.