Beyond, Inc. (NYSE:BYON) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Beyond, Inc. (NYSE:BYON) by 34.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,694 shares of the company’s stock after purchasing an additional 100,335 shares during the period. JPMorgan Chase & Co. owned 0.85% of Beyond worth $3,928,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Hollencrest Capital Management acquired a new stake in Beyond during the second quarter worth about $46,000. Sunbelt Securities Inc. acquired a new stake in shares of Beyond during the 2nd quarter worth approximately $47,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Beyond during the 3rd quarter valued at approximately $80,000. Tobam lifted its holdings in Beyond by 78.8% in the third quarter. Tobam now owns 10,648 shares of the company’s stock valued at $107,000 after acquiring an additional 4,693 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Beyond in the third quarter worth approximately $107,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Beyond

In related news, Chairman Marcus Lemonis acquired 156,985 shares of the stock in a transaction dated Sunday, October 27th. The stock was acquired at an average cost of $6.37 per share, with a total value of $999,994.45. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Beyond Price Performance

Beyond stock opened at $5.88 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a 52-week low of $4.45 and a 52-week high of $37.10. The firm has a market cap of $270.54 million, a PE ratio of -0.79 and a beta of 3.74. The company’s 50 day moving average is $5.73 and its two-hundred day moving average is $8.79.

Analyst Upgrades and Downgrades

BYON has been the topic of a number of research analyst reports. Maxim Group reduced their target price on Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $12.50 to $6.00 in a research report on Friday, October 25th. Piper Sandler dropped their price target on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $13.00 price objective on shares of Beyond in a report on Wednesday, October 23rd. Finally, Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.38.

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.