XTX Topco Ltd Buys 42,089 Shares of Beyond, Inc. (NYSE:BYON)

XTX Topco Ltd lifted its stake in shares of Beyond, Inc. (NYSE:BYON) by 379.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,189 shares of the company’s stock after acquiring an additional 42,089 shares during the quarter. XTX Topco Ltd owned approximately 0.12% of Beyond worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BYON. Public Employees Retirement System of Ohio bought a new position in Beyond during the 1st quarter worth approximately $66,000. DekaBank Deutsche Girozentrale bought a new position in Beyond during the first quarter worth $71,000. Lazard Asset Management LLC acquired a new position in Beyond in the first quarter valued at $70,000. Ashton Thomas Private Wealth LLC bought a new stake in Beyond during the second quarter valued at $44,000. Finally, CWM LLC acquired a new stake in Beyond during the 2nd quarter worth about $46,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Price Performance

Shares of NYSE:BYON opened at $10.35 on Monday. Beyond, Inc. has a twelve month low of $9.05 and a twelve month high of $37.10. The stock’s 50 day moving average is $11.18 and its 200-day moving average is $17.88. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $473.51 million, a price-to-earnings ratio of -1.27 and a beta of 3.64.

Beyond (NYSE:BYON) last released its quarterly earnings data on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, topping the consensus estimate of ($0.89) by $0.13. The firm had revenue of $398.10 million for the quarter, compared to the consensus estimate of $381.74 million. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Sell-side analysts forecast that Beyond, Inc. will post -3.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BYON has been the topic of a number of recent analyst reports. Bank of America dropped their price objective on Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Barclays dropped their price target on Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Piper Sandler reduced their price objective on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, Wedbush dropped their target price on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.29.

Insider Activity at Beyond

In related news, Director Barclay F. Corbus acquired 5,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was purchased at an average cost of $10.66 per share, with a total value of $53,300.00. Following the completion of the purchase, the director now directly owns 66,668 shares in the company, valued at approximately $710,680.88. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Barclay F. Corbus bought 5,000 shares of Beyond stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $10.66 per share, for a total transaction of $53,300.00. Following the purchase, the director now directly owns 66,668 shares in the company, valued at approximately $710,680.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $9.35, for a total transaction of $97,352.20. Following the transaction, the director now owns 11,368 shares in the company, valued at $106,290.80. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Beyond 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.