ARS Investment Partners LLC Grows Position in Beyond, Inc. (NYSE:BYON)

ARS Investment Partners LLC grew its stake in Beyond, Inc. (NYSE:BYON) by 62.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,873 shares of the company’s stock after purchasing an additional 41,000 shares during the period. ARS Investment Partners LLC’s holdings in Beyond were worth $527,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BYON. Dimensional Fund Advisors LP purchased a new stake in Beyond in the 2nd quarter worth approximately $9,538,000. Royce & Associates LP lifted its position in shares of Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after buying an additional 309,810 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of Beyond during the 2nd quarter valued at approximately $3,800,000. Second Line Capital LLC purchased a new position in shares of Beyond during the 2nd quarter valued at approximately $1,581,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Beyond by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after buying an additional 100,335 shares in the last quarter. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Insider Transactions at Beyond

In other Beyond news, Chairman Marcus Lemonis purchased 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, for a total transaction of $999,994.45. Following the acquisition, the chairman now owns 365,530 shares in the company, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BYON shares. Maxim Group decreased 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. Barclays reduced their price objective on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Jefferies Financial Group reduced their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Finally, Wedbush reduced their price objective on Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.38.

Beyond Stock Down 4.5 %

NYSE BYON opened at $5.88 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a twelve month low of $4.45 and a twelve month high of $37.10. The stock has a fifty day simple moving average of $5.73 and a 200-day simple moving average of $8.77.

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.