Geode Capital Management LLC Sells 37,606 Shares of Beyond, Inc. (NYSE:BYON)

Geode Capital Management LLC lowered its position in Beyond, Inc. (NYSE:BYON) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 998,763 shares of the company’s stock after selling 37,606 shares during the period. Geode Capital Management LLC owned approximately 2.17% of Beyond worth $10,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in Beyond in the 2nd quarter worth about $44,000. Hollencrest Capital Management purchased a new position in shares of Beyond during the second quarter worth approximately $46,000. Sunbelt Securities Inc. bought a new stake in shares of Beyond during the second quarter valued at approximately $47,000. Meeder Asset Management Inc. purchased a new stake in shares of Beyond in the second quarter valued at approximately $75,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Beyond in the third quarter worth approximately $80,000. Institutional investors own 76.30% of the company’s stock.

Insiders Place Their Bets

In other Beyond news, Chairman Marcus Lemonis purchased 156,985 shares of the firm’s stock in a transaction 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 completion of the purchase, the chairman now owns 365,530 shares in the company, valued at $2,328,426.10. This represents a 75.28 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

BYON has been the subject of a number of research analyst reports. Barclays decreased their target price on Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and set a $13.00 target price on shares of Beyond in a research report on Wednesday, October 23rd. Wedbush reduced their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Jefferies Financial Group dropped their price objective on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.50.

Beyond Stock Up 1.4 %

Shares of Beyond stock opened at $4.93 on Thursday. Beyond, Inc. has a 52-week low of $4.45 and a 52-week high of $37.10. The firm’s 50 day moving average price is $5.86 and its 200-day moving average price is $9.40. 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 company has a market cap of $227.01 million, a P/E ratio of -0.67 and a beta of 3.70.

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.