Trexquant Investment LP lowered its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 74.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,700 shares of the technology retailer’s stock after selling 45,300 shares during the period. Trexquant Investment LP’s holdings in Best Buy Co. were worth $900,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BBY. Huntington National Bank increased its position in shares of Best Buy Co. by 18.4% in the second quarter. Huntington National Bank now owns 2,050 shares of the technology retailer’s stock valued at $118,000 after buying an additional 318 shares in the last quarter. Tompkins Financial Corp purchased a new position in shares of Best Buy Co. during the first quarter valued at $134,000. Advisory Services Network LLC purchased a new position in shares of Best Buy Co. during the first quarter valued at $134,000. Heritage Trust Co purchased a new position in shares of Best Buy Co. during the first quarter valued at $137,000. Finally, TrimTabs Asset Management LLC increased its position in shares of Best Buy Co. by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the technology retailer’s stock valued at $139,000 after buying an additional 1,328 shares in the last quarter. 94.06% of the stock is currently owned by institutional investors and hedge funds.

Best Buy Co., Inc. (BBY) opened at 61.07 on Thursday. Best Buy Co., Inc. has a 52-week low of $32.20 and a 52-week high of $62.36. The firm’s 50-day moving average is $56.89 and its 200-day moving average is $51.15. The company has a market cap of $18.62 billion, a PE ratio of 16.43 and a beta of 1.45. Best Buy Co. also was the recipient of unusually large options trading on Monday. Stock investors purchased 993 call options on the company. This is an increase of 163% compared to the typical volume of 378 call options.

Best Buy Co. (NYSE:BBY) last issued its quarterly earnings data on Thursday, May 25th. The technology retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.20. The firm had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.28 billion. Best Buy Co. had a return on equity of 26.81% and a net margin of 3.01%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. On average, equities research analysts anticipate that Best Buy Co., Inc. will post $3.89 EPS for the current year.

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BBY has been the topic of several analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $68.00 price target (up previously from $58.00) on shares of Best Buy Co. in a report on Sunday, May 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $56.00 price target (up previously from $49.00) on shares of Best Buy Co. in a report on Sunday, May 28th. Credit Suisse Group reaffirmed a “buy” rating and set a $60.00 price target (up previously from $47.00) on shares of Best Buy Co. in a report on Sunday, May 28th. Loop Capital reaffirmed a “buy” rating and set a $64.00 price target (up previously from $58.00) on shares of Best Buy Co. in a report on Sunday, May 28th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $65.00 price target on shares of Best Buy Co. in a report on Friday, May 26th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $56.76.

In related news, VP Mathew Watson sold 503 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $59.00, for a total transaction of $29,677.00. Following the completion of the sale, the vice president now directly owns 15,767 shares of the company’s stock, valued at approximately $930,253. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patricia H. Walker sold 9,974 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $59.86, for a total value of $597,043.64. Following the sale, the insider now directly owns 24,122 shares of the company’s stock, valued at $1,443,942.92. The disclosure for this sale can be found here. Insiders have sold a total of 121,917 shares of company stock valued at $7,107,375 over the last three months. Corporate insiders own 1.21% of the company’s stock.

About Best Buy Co.

Best Buy Co, Inc is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International.

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Institutional Ownership by Quarter for Best Buy Co. (NYSE:BBY)

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