Wayfair Inc. (NYSE:W) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its holdings in Wayfair Inc. (NYSE:W - Free Report) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,793 shares of the company's stock after selling 87,582 shares during the period. Boothbay Fund Management LLC owned approximately 0.10% of Wayfair worth $5,619,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of W. J.Safra Asset Management Corp increased its holdings in shares of Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after buying an additional 244 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after acquiring an additional 502 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 acquiring an additional 281 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Wayfair during the fourth quarter worth about $41,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Wayfair during the fourth quarter worth about $45,000. 89.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Wayfair news, insider Steven Conine sold 30,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 559,073 shares of the company's stock, valued at $25,901,852.09. The trade was a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Fiona Tan sold 23,835 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total value of $760,813.20. Following the completion of the sale, the chief technology officer now owns 111,128 shares in the company, valued at approximately $3,547,205.76. The trade was a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,863 shares of company stock valued at $3,393,929. Insiders own 21.91% of the company's stock.

Wayfair Stock Down 3.8 %

W traded down $1.18 during trading on Wednesday, reaching $30.00. The company had a trading volume of 10,301,752 shares, compared to its average volume of 4,672,961. The business has a 50 day simple moving average of $31.94 and a 200-day simple moving average of $41.22. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $76.18. The stock has a market cap of $3.81 billion, a P/E ratio of -7.46 and a beta of 3.72.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.01). The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.07 billion. As a group, equities research analysts expect that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on W. Deutsche Bank Aktiengesellschaft cut Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a research report on Monday, April 14th. Loop Capital dropped their target price on shares of Wayfair from $55.00 to $45.00 and set a "hold" rating for the company in a report on Friday, February 21st. Piper Sandler set a $58.00 price objective on Wayfair and gave the company an "overweight" rating in a research note on Friday, February 21st. Royal Bank of Canada restated a "sector perform" rating and set a $25.00 price target on shares of Wayfair in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Sixteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $50.28.

Wayfair Profile

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.