Mirae Asset Global Investments Co. Ltd. Has $1.70 Million Holdings in Best Buy Co Inc (BBY)
Summary
Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Best Buy Co Inc (NYSE:BBY) by 36.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. Citigroup raised their price objective on shares of Best Buy from $72.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, March 1st. In other Best Buy news, CAO Mathew Watson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. Also, major shareholder Richard M. Schulze sold 25,443 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. Best Buy announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 27th that authorizes the company to buyback $3.00 billion in shares.