Caisse DE Depot ET Placement DU Quebec Acquires New Stake in Wayfair Inc. (NYSE:W)

Caisse DE Depot ET Placement DU Quebec bought a new position in Wayfair Inc. (NYSE:W - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 186,000 shares of the company's stock, valued at approximately $8,244,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.15% of Wayfair at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. J.Safra Asset Management Corp increased 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 valued at $26,000 after purchasing an additional 244 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after buying an additional 502 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock valued at $31,000 after buying an additional 281 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Wayfair during the 4th quarter worth about $41,000. Finally, Venturi Wealth Management LLC purchased a new position in Wayfair during the 4th quarter valued at about $45,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Price Performance

Wayfair stock traded up $0.24 during midday trading on Wednesday, hitting $30.39. 4,646,876 shares of the stock were exchanged, compared to its average volume of 4,651,858. The company has a 50 day moving average price of $30.90 and a two-hundred day moving average price of $40.45. The firm has a market cap of $3.86 billion, a P/E ratio of -7.56 and a beta of 2.93. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $76.18.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.24. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the prior year, the company posted ($0.32) EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts predict that Wayfair Inc. will post -2.54 EPS for the current year.

Insider Activity at Wayfair

In other news, insider Steven Conine sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $46.33, for a total value of $1,389,900.00. Following the transaction, the insider now directly owns 559,073 shares in the company, valued at approximately $25,901,852.09. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kate Gulliver sold 19,296 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $611,104.32. Following the sale, the chief financial officer now owns 144,474 shares in the company, valued at approximately $4,575,491.58. This trade represents a 11.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,915 shares of company stock valued at $3,389,028 over the last ninety days. Corporate insiders own 21.91% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Wayfair from $50.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price objective on Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Guggenheim cut their target price on shares of Wayfair from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Loop Capital decreased their price target on shares of Wayfair from $55.00 to $45.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Finally, Jefferies Financial Group raised shares of Wayfair from a "hold" rating to a "buy" rating and increased their price objective for the company from $45.00 to $47.00 in a research report on Friday, March 7th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.25.

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.