SG Americas Securities LLC Buys Shares of 13,536 Beyond, Inc. (NYSE:BYON)

SG Americas Securities LLC bought a new stake in Beyond, Inc. (NYSE:BYON) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,536 shares of the company’s stock, valued at approximately $67,000.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Beyond by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock worth $3,928,000 after acquiring an additional 100,335 shares during the period. Royce & Associates LP increased its position 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 acquiring an additional 309,810 shares during the period. Franklin Resources Inc. increased its position in shares of Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after acquiring an additional 2,411 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Beyond by 14.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company’s stock worth $994,000 after acquiring an additional 12,794 shares during the period. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Beyond during the third quarter worth $116,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BYON shares. Piper Sandler cut their price objective on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Argus lowered Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Beyond in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Beyond has an average rating of “Hold” and a consensus target price of $12.29.

Beyond Stock Performance

NYSE BYON opened at $8.25 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. Beyond, Inc. has a 1 year low of $4.45 and a 1 year high of $37.10. The company has a market capitalization of $379.68 million, a PE ratio of -1.12 and a beta of 3.81. The company has a fifty day moving average of $6.36 and a two-hundred day moving average of $8.11.

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.