GAMMA Investing LLC Raises Position in Wayfair Inc. (NYSE:W)

GAMMA Investing LLC raised its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 5,850.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,248 shares of the company's stock after acquiring an additional 41,538 shares during the quarter. GAMMA Investing LLC's holdings in Wayfair were worth $1,319,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its position in Wayfair by 207.1% in the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after buying an additional 381 shares in the last quarter. 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 valued at $26,000 after acquiring an additional 244 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after purchasing an additional 502 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Wayfair in the 4th quarter worth $41,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Wayfair in the 4th quarter worth $45,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on W shares. Loop Capital restated a "sell" rating and set a $35.00 price target on shares of Wayfair in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lowered their target price on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. TD Cowen upgraded Wayfair from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 5th. Needham & Company LLC reissued a "buy" rating and set a $50.00 price objective on shares of Wayfair in a report on Thursday, May 1st. Finally, The Goldman Sachs Group decreased their price target on Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.96.

Insider Buying and Selling

In other Wayfair news, CFO Kate Gulliver sold 19,296 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.32. Following the sale, the chief financial officer now owns 144,474 shares of the company's stock, valued at $4,575,491.58. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Conine sold 73,095 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $40.40, for a total value of $2,953,038.00. Following the completion of the sale, the insider now directly owns 469,073 shares in the company, valued at $18,950,549.20. The trade was a 13.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 242,915 shares of company stock worth $9,258,415 in the last 90 days. 21.91% of the stock is owned by company insiders.

Wayfair Stock Up 0.3%

Shares of Wayfair stock traded up $0.12 during trading on Tuesday, hitting $48.48. 3,699,572 shares of the stock traded hands, compared to its average volume of 4,777,570. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of -12.06 and a beta of 2.94. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $58.42. The firm's fifty day moving average is $35.77 and its 200-day moving average is $40.05.

Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.24. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same period last year, the business posted ($0.32) earnings per share. The company's revenue was up .0% compared to the same quarter last year. On average, analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Wayfair Company 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.