Tabor Asset Management LP Decreases Stake in Wayfair Inc. (NYSE:W)

Tabor Asset Management LP decreased its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 73.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,015 shares of the company's stock after selling 83,550 shares during the quarter. Tabor Asset Management LP's holdings in Wayfair were worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of Wayfair by 207.1% during the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after acquiring an additional 381 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Wayfair during the 4th quarter valued at $41,000. GAMMA Investing LLC lifted its position in shares of Wayfair by 85.8% during the first quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock worth $42,000 after acquiring an additional 609 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of Wayfair during the fourth quarter worth $218,000. Finally, EntryPoint Capital LLC bought a new position in shares of Wayfair in the fourth quarter worth $224,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

Insider Activity

In other Wayfair news, insider Steven Conine sold 180,943 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $52.59, for a total transaction of $9,515,792.37. Following the sale, the insider owned 236,167 shares in the company, valued at approximately $12,420,022.53. The trade was a 43.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Niraj Shah sold 179,707 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $52.58, for a total transaction of $9,448,994.06. Following the transaction, the chief executive officer directly owned 236,850 shares of the company's stock, valued at $12,453,573. This represents a 43.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 680,731 shares of company stock worth $33,429,384 over the last 90 days. 21.91% of the stock is currently owned by corporate insiders.

Wayfair Stock Down 0.3%

W traded down $0.14 during trading hours on Monday, reaching $56.30. 3,833,211 shares of the company's stock traded hands, compared to its average volume of 4,867,303. The firm has a 50-day moving average price of $47.75 and a 200 day moving average price of $40.99. The firm has a market capitalization of $7.22 billion, a PE ratio of -19.75 and a beta of 2.97. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $59.51.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly 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 firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the prior year, the business posted ($0.32) EPS. The business's quarterly revenue was up .0% on a year-over-year basis. Equities analysts predict that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a research report on Monday, April 14th. UBS Group cut their price target on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Argus upgraded shares of Wayfair from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research report on Monday, May 12th. Zelman & Associates increased their price target on shares of Wayfair from $55.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $25.00 target price on shares of Wayfair in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.72.

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.