GenTrust LLC Buys 190 Shares of Best Buy Co., Inc. (NYSE:BBY)

GenTrust LLC raised its stake in Best Buy Co., Inc. (NYSE:BBY) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,174 shares of the technology retailer’s stock after acquiring an additional 190 shares during the quarter. GenTrust LLC’s holdings in Best Buy were worth $275,000 as of its most recent SEC filing.

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

Insider Activity at Best Buy

In related news, CFO Matthew M. Bilunas sold 69,166 shares of Best Buy stock in a transaction 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 owns 92,070 shares of the company’s stock, valued at approximately $8,052,442.20. This trade represents a 42.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.59% of the stock is currently owned by insiders.

Best Buy Stock Performance

Shares of BBY stock opened at $90.41 on Thursday. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. Best Buy Co., Inc. has a 52 week low of $69.29 and a 52 week high of $103.71. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $86.24 and a 200-day moving average of $90.52.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Tuesday, November 26th. The technology retailer reported $1.26 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.04). Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The company had revenue of $9.45 billion for the quarter, compared to analyst estimates of $9.63 billion. During the same period last year, the business earned $1.29 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BBY. Loop Capital reiterated a “buy” rating and issued a $100.00 price objective on shares of Best Buy in a report on Wednesday, December 18th. Truist Financial lowered 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. Citigroup lowered 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. Guggenheim lowered their price target on shares of Best Buy from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 29th. Finally, Barclays lowered their price target on shares of Best Buy from $95.00 to $89.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.72.

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.