Fox Run Management L.L.C. purchased a new stake in shares of Wayfair Inc. (NYSE:W - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,711 shares of the company's stock, valued at approximately $215,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in W. Southpoint Capital Advisors LP boosted its stake in shares of Wayfair by 100.0% during the 4th quarter. Southpoint Capital Advisors LP now owns 2,800,000 shares of the company's stock worth $124,096,000 after acquiring an additional 1,400,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Wayfair by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,012,048 shares of the company's stock valued at $32,416,000 after purchasing an additional 2,736 shares in the last quarter. Contour Asset Management LLC raised its holdings in Wayfair by 18.7% in the 4th quarter. Contour Asset Management LLC now owns 835,455 shares of the company's stock worth $37,027,000 after purchasing an additional 131,455 shares during the period. Northern Trust Corp boosted its position in Wayfair by 11.4% during the fourth quarter. Northern Trust Corp now owns 463,457 shares of the company's stock worth $20,540,000 after purchasing an additional 47,326 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Wayfair by 195.6% during the fourth quarter. Two Sigma Advisers LP now owns 412,000 shares of the company's stock worth $18,260,000 after purchasing an additional 272,600 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company's stock.
Insider Buying and Selling
In related news, insider Steven Conine sold 199,473 shares of Wayfair stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $78.40, for a total transaction of $15,638,683.20. Following the transaction, the insider owned 544,073 shares in the company, valued at approximately $42,655,323.20. This trade represents a 26.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Niraj Shah sold 199,422 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $78.40, for a total value of $15,634,684.80. Following the transaction, the chief executive officer directly owned 544,137 shares in the company, valued at $42,660,340.80. This trade represents a 26.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,215,789 shares of company stock worth $73,975,995 over the last three months. Corporate insiders own 21.91% of the company's stock.
Wayfair Stock Up 1.3%
Shares of W opened at $79.9770 on Thursday. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $81.94. The stock has a market cap of $10.37 billion, a PE ratio of -33.32 and a beta of 2.92. The firm's fifty day moving average is $61.06 and its two-hundred day moving average is $44.86.
Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.54. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.11 billion. Wayfair's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. As a group, research analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have recently commented on W. TD Cowen upgraded Wayfair from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 5th. Morgan Stanley reissued an "overweight" rating and issued a $70.00 price target (up previously from $50.00) on shares of Wayfair in a report on Wednesday, July 2nd. Truist Financial set a $40.00 price objective on shares of Wayfair in a report on Friday, May 2nd. Stifel Nicolaus set a $68.00 target price on shares of Wayfair and gave the company a "hold" rating in a research report on Tuesday, August 5th. Finally, BMO Capital Markets restated a "market perform" rating and set a $68.00 price target (up previously from $38.00) on shares of Wayfair in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Wayfair currently has a consensus rating of "Moderate Buy" and an average price target of $67.65.
View Our Latest Report on Wayfair
Wayfair Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding W? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wayfair Inc. (NYSE:W - Free Report).
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