After this evening's 4.6% surge to $91.26 per share, Best Buy might just keep moving past its target price of $87.58. With an average analyst rating of hold, and target prices from $70.0 to $100.0, the stock's next move is anyone's guess.
Best Buy has an average level of shares sold short, at 9.3% of its total share float. The stock's short ratio (also called days to cover) is 6.9. The company's insiders own 8.78% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 85.3% of Best Buy's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Best Buy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Blackrock Inc. | 12% | 24,815,012 | $2,264,618,048 |
| 2024-03-31 | Vanguard Group Inc | 10% | 22,349,234 | $2,039,591,142 |
| 2024-03-31 | State Street Corporation | 6% | 13,788,807 | $1,258,366,556 |
| 2024-03-31 | JP Morgan Chase & Company | 5% | 11,539,816 | $1,053,123,632 |
| 2024-03-31 | Charles Schwab Investment Management, Inc. | 3% | 5,874,720 | $536,126,959 |
| 2024-03-31 | Invesco Ltd. | 2% | 4,654,870 | $424,803,446 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 4,602,564 | $420,030,000 |
| 2024-03-31 | Amundi | 2% | 4,589,092 | $418,800,545 |
| 2024-03-31 | Morgan Stanley | 1% | 3,004,598 | $274,199,619 |
| 2024-03-31 | Raymond James & Associates, Inc. | 1% | 2,886,962 | $263,464,158 |
