XTX Topco Ltd Reduces Stock Holdings in Beyond, Inc. (NYSE:BYON)

XTX Topco Ltd trimmed its position in Beyond, Inc. (NYSE:BYON) by 40.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,730 shares of the company’s stock after selling 21,459 shares during the period. XTX Topco Ltd’s holdings in Beyond were worth $320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in shares of Beyond by 0.9% in the third quarter. State Street Corp now owns 1,016,563 shares of the company’s stock worth $10,247,000 after buying an additional 8,580 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Beyond in the third quarter worth about $80,000. HighTower Advisors LLC raised its stake in shares of Beyond by 34.4% in the third quarter. HighTower Advisors LLC now owns 79,018 shares of the company’s stock worth $795,000 after buying an additional 20,242 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Beyond by 14.9% in 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 buying an additional 12,794 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Beyond by 25.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after buying an additional 3,059 shares during the period. 76.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BYON shares. Bank of America downgraded Beyond from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Wedbush decreased their price objective on Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. 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 note on Friday, October 25th. Finally, Barclays decreased their target price on Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.50.

Beyond Stock Performance

NYSE BYON opened at $4.98 on Wednesday. The stock has a market capitalization of $229.31 million, a PE ratio of -0.67 and a beta of 3.70. The business has a 50 day simple moving average of $7.01 and a two-hundred day simple moving average of $10.12. 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 $4.94 and a 1-year high of $37.10.

Insider Buying and Selling at Beyond

In other news, Chairman Marcus Lemonis purchased 156,985 shares of the business’s stock in a transaction on Sunday, October 27th. The stock was acquired at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the acquisition, the chairman now directly owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This represents a 75.28 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company 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.