Charles Schwab Investment Management Inc. Has $2.11 Million Stock Position in Beyond, Inc. (NYSE:BYON)

Charles Schwab Investment Management Inc. lessened its position in shares of Beyond, Inc. (NYSE:BYON) by 28.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 428,291 shares of the company’s stock after selling 166,669 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Beyond were worth $2,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Beyond by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after purchasing an additional 100,335 shares during the last quarter. Franklin Resources Inc. increased its stake in Beyond by 12.8% in the 3rd 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 last quarter. Refined Wealth Management lifted its position in Beyond by 14.8% in the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after buying an additional 51,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Beyond by 14.9% during the 3rd 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 last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Beyond in the fourth quarter worth about $67,000. 76.30% of the stock is currently owned by institutional investors.

Beyond Trading Down 4.9 %

Beyond stock opened at $5.32 on Friday. Beyond, Inc. has a one year low of $4.45 and a one year high of $36.07. 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 has a market cap of $292.74 million, a PE ratio of -0.72 and a beta of 3.91. The stock has a 50-day moving average of $6.89 and a two-hundred day moving average of $7.22.

Beyond (NYSE:BYON) last issued its earnings results on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.17). The firm had revenue of $303.15 million during the quarter, compared to analysts’ expectations of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. On average, research analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BYON shares. Barclays cut their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Maxim Group decreased their price target on Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Jefferies Financial Group dropped their price target on Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a research note on Monday, March 10th. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Finally, Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of Beyond in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.64.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis purchased 19,193 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the completion of the purchase, the chairman now directly owns 456,151 shares of the company’s stock, valued at approximately $2,294,439.53. The trade was a 4.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

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.