Shares of Best Buy Co. (NYSE:BBY) saw unusually-high trading volume on Monday . Approximately 5,880,926 shares were traded during trading, an increase of 28% from the previous session’s volume of 4,611,405 shares.The stock last traded at $32.64 and had previously closed at $32.59.

BBY has been the topic of several research analyst reports. Raymond James Financial Inc. reissued a “buy” rating on shares of Best Buy in a report on Thursday, May 19th. Jefferies Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Best Buy in a report on Tuesday, May 17th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $36.50 target price on shares of Best Buy in a report on Wednesday, May 25th. Wedbush reaffirmed a “buy” rating and issued a $20.50 target price on shares of Best Buy in a report on Wednesday, May 25th. Finally, Vetr cut Best Buy from a “strong-buy” rating to a “buy” rating and set a $36.44 target price on the stock. in a report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.11.

The company has a market capitalization of $10.59 billion and a PE ratio of 11.28. The firm’s 50 day moving average is $32.70 and its 200-day moving average is $31.78.

In related news, CAO Mathew Watson sold 1,363 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $32.10, for a total transaction of $43,752.30. Following the completion of the transaction, the chief accounting officer now owns 20,668 shares in the company, valued at approximately $663,442.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Hubert Joly sold 398,000 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $32.24, for a total transaction of $12,831,520.00. Following the sale, the chief executive officer now directly owns 511,139 shares of the company’s stock, valued at approximately $16,479,121.36. The disclosure for this sale can be found here.

A number of hedge funds have made changes to their positions in the stock. American International Group Inc. boosted its stake in shares of Best Buy by 9.0% in the fourth quarter. American International Group Inc. now owns 157,106 shares of the technology retailer’s stock valued at $4,783,000 after buying an additional 12,954 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Best Buy by 13.9% in the fourth quarter. BlackRock Advisors LLC now owns 828,458 shares of the technology retailer’s stock valued at $25,226,000 after buying an additional 101,190 shares in the last quarter. KBC Group NV boosted its stake in shares of Best Buy by 158.2% in the fourth quarter. KBC Group NV now owns 130,577 shares of the technology retailer’s stock valued at $3,976,000 after buying an additional 80,013 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Best Buy by 27.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 312,791 shares of the technology retailer’s stock valued at $9,524,000 after buying an additional 67,494 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Best Buy by 251.0% in the fourth quarter. Advisors Asset Management Inc. now owns 42,778 shares of the technology retailer’s stock valued at $1,303,000 after buying an additional 30,590 shares in the last quarter.

Best Buy Co, Inc is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico.

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