272 Capital LP Cuts Stock Holdings in Wayfair Inc. (NYSE:W)

272 Capital LP cut its holdings in Wayfair Inc. (NYSE:W - Free Report) by 91.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,700 shares of the company's stock after selling 40,353 shares during the period. 272 Capital LP's holdings in Wayfair were worth $164,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp grew its holdings in Wayfair by 71.3% in the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after acquiring an additional 244 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after purchasing an additional 281 shares during the last quarter. Jones Financial Companies Lllp raised its position in Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Arizona State Retirement System lifted its holdings in Wayfair by 2.4% in the 4th quarter. Arizona State Retirement System now owns 26,951 shares of the company's stock worth $1,194,000 after buying an additional 624 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in shares of Wayfair by 5.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 12,531 shares of the company's stock worth $555,000 after buying an additional 690 shares during the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Steven Conine sold 30,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the completion of the sale, the insider now directly owns 559,073 shares in the company, valued at $25,901,852.09. This trade represents a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Fiona Tan sold 23,835 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20. Following the completion of the sale, the chief technology officer now directly owns 111,128 shares of the company's stock, valued at approximately $3,547,205.76. The trade was a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,915 shares of company stock valued at $3,389,028 in the last ninety days. Insiders own 21.91% of the company's stock.

Analysts Set New Price Targets

W has been the subject of a number of research analyst reports. Citigroup raised their price target on Wayfair from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. UBS Group dropped their target price on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Truist Financial set a $40.00 price target on shares of Wayfair in a research report on Friday. Canaccord Genuity Group dropped their price objective on shares of Wayfair from $68.00 to $58.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, The Goldman Sachs Group decreased their target price on shares of Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Fourteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $48.25.

Wayfair Stock Up 0.2 %

NYSE W traded up $0.06 during trading on Wednesday, hitting $30.21. 1,869,198 shares of the stock traded hands, compared to its average volume of 4,641,109. The company has a market capitalization of $3.83 billion, a P/E ratio of -7.54 and a beta of 2.93. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $76.18. The firm has a 50-day simple moving average of $30.90 and a 200-day simple moving average of $40.45.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.24. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the business earned ($0.32) EPS. Wayfair's revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts predict that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.