Wayfair Inc. (NYSE:W) Stock Position Reduced by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its stake in Wayfair Inc. (NYSE:W - Free Report) by 56.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,075 shares of the company's stock after selling 22,276 shares during the quarter. Gotham Asset Management LLC's holdings in Wayfair were worth $757,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of W. Assenagon Asset Management S.A. bought a new position in shares of Wayfair in the 4th quarter worth about $6,799,000. Ameritas Advisory Services LLC acquired a new stake in Wayfair during the fourth quarter worth about $229,000. Nisa Investment Advisors LLC lifted its holdings in Wayfair by 5.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 44,710 shares of the company's stock worth $1,982,000 after acquiring an additional 2,250 shares during the last quarter. SG Americas Securities LLC boosted its stake in Wayfair by 277.4% in the fourth quarter. SG Americas Securities LLC now owns 12,591 shares of the company's stock valued at $558,000 after acquiring an additional 9,255 shares during the period. Finally, China Universal Asset Management Co. Ltd. acquired a new position in Wayfair in the fourth quarter valued at approximately $220,000. Institutional investors own 89.67% of the company's stock.

Wayfair Stock Down 0.5%

Wayfair stock traded down $0.20 during midday trading on Thursday, hitting $36.22. The company's stock had a trading volume of 3,488,581 shares, compared to its average volume of 4,726,590. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $65.25. The company has a market capitalization of $4.60 billion, a PE ratio of -9.01 and a beta of 2.93. The stock's 50-day moving average price is $31.47 and its 200-day moving average price is $39.90.

Wayfair (NYSE:W - Get Free Report) last released its earnings results 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 analyst estimates of $2.71 billion. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) earnings per share. As a group, equities analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Insider Transactions at Wayfair

In related news, CTO Fiona Tan sold 23,835 shares of the firm's stock in a transaction that occurred 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 transaction, the chief technology officer now owns 111,128 shares of the company's stock, valued at approximately $3,547,205.76. This trade represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven Conine sold 2,246 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.01, for a total transaction of $89,862.46. Following the sale, the insider now directly owns 542,168 shares in the company, valued at approximately $21,692,141.68. This trade represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,330 shares of company stock valued at $3,377,506 in the last three months. 21.91% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on W shares. UBS Group cut their price target on Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Raymond James set a $60.00 price target on shares of Wayfair and gave the company a "strong-buy" rating in a report on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Wayfair from $46.00 to $29.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Citigroup lifted their price objective on shares of Wayfair from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Piper Sandler set a $58.00 target price on shares of Wayfair and gave the stock an "overweight" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.83.

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.