Neo Ivy Capital Management Invests $3.56 Million in Wayfair Inc. (NYSE:W)

Neo Ivy Capital Management bought a new stake in shares of Wayfair Inc. (NYSE:W - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 80,325 shares of the company's stock, valued at approximately $3,560,000. Neo Ivy Capital Management owned about 0.06% of Wayfair as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in W. True Wealth Design LLC grew its holdings in shares of Wayfair by 207.1% during the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after acquiring an additional 381 shares in the last quarter. J.Safra Asset Management Corp raised its position in shares of Wayfair by 71.3% in the fourth 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 period. Jones Financial Companies Lllp boosted its holdings in shares of Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after buying an additional 502 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Wayfair in the 4th quarter worth $41,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Wayfair in the fourth quarter valued at about $45,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wayfair

In other news, insider Steven Conine sold 2,246 shares of Wayfair stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.01, for a total value of $89,862.46. Following the completion of the sale, the insider now directly owns 542,168 shares in the company, valued at approximately $21,692,141.68. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Blotner sold 19,257 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total transaction of $610,061.76. Following the sale, the insider now owns 78,308 shares in the company, valued at $2,480,797.44. The trade was a 19.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,330 shares of company stock valued at $3,377,506 in the last ninety days. 21.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on W. The Goldman Sachs Group cut their price objective on Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. UBS Group lowered their price target on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Piper Sandler set a $58.00 target price on shares of Wayfair and gave the company an "overweight" rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft downgraded Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price objective on the stock. in a report on Monday, April 14th. Finally, Raymond James set a $60.00 target price on Wayfair and gave the stock a "strong-buy" rating in a 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's stock. According to data from MarketBeat, Wayfair currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.83.

Wayfair Trading Up 0.2%

Wayfair stock traded up $0.09 during mid-day trading on Friday, hitting $36.31. The stock had a trading volume of 2,742,179 shares, compared to its average volume of 4,738,601. The stock has a 50-day simple moving average of $31.68 and a two-hundred day simple moving average of $39.80. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $62.43. The stock has a market capitalization of $4.66 billion, a PE ratio of -9.03 and a beta of 2.93.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm earned ($0.32) EPS. Wayfair's quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

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.