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Erste Asset Management increases stake in Best Buy, CEO also buys more shares amid strong earnings.
Erste Asset Management GmbH increased its stake in Best Buy Co., Inc. by 1,500 shares, totalling 75,200 shares worth $6.62 million.
Best Buy reported earnings per share of $2.58 for the quarter, exceeding estimates by $0.18, and declared a $0.95 quarterly dividend.
The stock has a "Hold" consensus rating with a $93.50 target price.
Best Buy CEO Corie S. Barry also purchased 13,500 shares, worth $984,420, marking a 3.7% increase in her ownership.
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Erste Asset Management aumenta su participación en Best Buy, CEO también compra más acciones en medio de fuertes ganancias.