Best Buy Co., Inc. (NYSE:BBY) Stock Holdings Decreased by Metis Global Partners LLC

Metis Global Partners LLC lowered its stake in Best Buy Co., Inc. (NYSE:BBY) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,893 shares of the technology retailer’s stock after selling 1,312 shares during the period. Metis Global Partners LLC’s holdings in Best Buy were worth $1,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Best Buy in the 4th quarter worth about $32,000. Trust Co. of Vermont increased its position in shares of Best Buy by 1,200.0% in the 4th quarter. Trust Co. of Vermont now owns 416 shares of the technology retailer’s stock worth $36,000 after purchasing an additional 384 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Best Buy in the 3rd quarter worth about $40,000. LRI Investments LLC increased its position in shares of Best Buy by 632.1% in the 3rd quarter. LRI Investments LLC now owns 388 shares of the technology retailer’s stock worth $40,000 after purchasing an additional 335 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Best Buy in the 3rd quarter worth about $44,000. Institutional investors own 80.96% of the company’s stock.

Best Buy Trading Down 3.5 %

Shares of NYSE:BBY opened at $86.73 on Tuesday. The company has a 50 day moving average of $86.43 and a 200-day moving average of $90.69. The firm has a market cap of $18.54 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.10 and a beta of 1.43. Best Buy Co., Inc. has a twelve month low of $69.29 and a twelve month high of $103.71. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37.

Insider Transactions at Best Buy

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $87.46, for a total value of $6,049,258.36. Following the completion of the sale, the chief financial officer now directly owns 92,070 shares of the company’s stock, valued at approximately $8,052,442.20. This represents a 42.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

BBY has been the subject of several research reports. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Best Buy in a report on Friday. Truist Financial decreased their price target on shares of Best Buy from $107.00 to $95.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Best Buy in a report on Thursday, February 27th. StockNews.com lowered shares of Best Buy from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Citigroup decreased their price target on shares of Best Buy from $109.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.44.

Best Buy Company Profile

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.