Wayfair Inc. (NYSE:W) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 49.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,012 shares of the company's stock after selling 10,653 shares during the period. Tidal Investments LLC's holdings in Wayfair were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. True Wealth Design LLC lifted its holdings 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 purchasing an additional 381 shares in the last quarter. J.Safra Asset Management Corp grew 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 worth $26,000 after buying an additional 244 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after buying an additional 502 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Wayfair in the fourth quarter valued at about $41,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Wayfair in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 89.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on W. JPMorgan Chase & Co. dropped their price objective on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. 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. The Goldman Sachs Group dropped their price target on Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets set a $38.00 price target on Wayfair in a report on Friday, May 2nd. Finally, Evercore ISI boosted their price target on shares of Wayfair from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.83.

Wayfair Trading Down 3.5%

Shares of W stock traded down $1.50 on Friday, reaching $41.28. 4,275,649 shares of the stock were exchanged, compared to its average volume of 4,765,751. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $62.43. The business's 50 day moving average price is $32.23 and its 200 day moving average price is $39.84. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -10.27 and a beta of 2.93.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (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 in the previous year, the business posted ($0.32) earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.

Insider Buying and Selling at Wayfair

In other news, CFO Kate Gulliver sold 19,296 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $611,104.32. Following the sale, the chief financial officer now directly owns 144,474 shares in the company, valued at $4,575,491.58. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Niraj Shah sold 9,527 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $40.04, for a total value of $381,461.08. Following the sale, the chief executive officer now directly owns 549,610 shares in the company, valued at approximately $22,006,384.40. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 242,915 shares of company stock valued at $9,258,415. 21.91% of the stock is owned by company insiders.

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.