9,320 Shares in Best Buy Co., Inc. $BBY Acquired by International Assets Investment Management LLC

Posted by Geri Gentry on Nov 10th, 2026

International Assets Investment Management LLC bought a new stake in Best Buy Co., Inc. (NYSE:BBY – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,320 shares of the technology retailer’s stock, valued at approximately $822,000.

Several other institutional investors have also added to or reduced their stakes in BBY. Heritage Family Offices LLP acquired a new position in shares of Best Buy in the 3rd quarter worth approximately $246,000. Arrow Investment Advisors LLC acquired a new stake in shares of Best Buy during the third quarter worth $266,000. Alamar Capital Management LLC acquired a new stake in shares of Best Buy during the third quarter worth $1,333,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Best Buy during the third quarter worth $492,000. Finally, Westside Investment Management Inc. bought a new position in Best Buy during the third quarter worth $49,000. 80.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Best Buy news, Chairman Richard Schulze sold 300,000 shares of Best Buy stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $92.51, for a total value of $27,753,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen Scarlett sold 116,062 shares of Best Buy stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $92.15, for a total transaction of $10,695,113.30. Following the completion of the sale, the executive vice president directly owned 116,173 shares of the company’s stock, valued at approximately $10,705,341.95. This trade represents a 49.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BBY. Telsey Advisory Group boosted their target price on shares of Best Buy from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Wedbush reaffirmed a “buy” rating on shares of Best Buy in a research report on Monday, August 24th. Bank of America began coverage on Best Buy in a report on Monday, August 3rd. They set an “underperform” rating and a $80.00 price target for the company. DA Davidson raised Best Buy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Finally, Weiss Ratings downgraded Best Buy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.35.

Read Our Latest Analysis on BBY

Best Buy Stock Performance

Shares of BBY stock opened at $106.36 on Tuesday. The company has a market cap of $22.31 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. Best Buy Co., Inc. has a 52 week low of $55.10 and a 52 week high of $106.83. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $92.05 and a 200-day moving average of $76.30.

Best Buy (NYSE:BBY – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The technology retailer reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.08. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The company had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the business posted $1.28 EPS. Best Buy’s revenue for the quarter was up 3.6% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. On average, equities analysts forecast that Best Buy Co., Inc. will post 6.81 earnings per share for the current year.

Best Buy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Thursday, September 17th. Best Buy’s dividend payout ratio (DPR) is presently 63.89%.

Best Buy Profile

(Free Report)

Best Buy is a retailer of consumer technology products and services. Its offerings include computers and mobile devices, televisions and home theater equipment, major appliances, and related accessories, sold through stores and digital channels.

The company also provides technology support and installation services through Geek Squad, including help with device setup, repairs, and home technology systems. Best Buy serves customers in the United States and Canada.

Founded in 1966 as Sound of Music, the company adopted the Best Buy name in 1983.