Two Sigma Advisers LP Purchases 272,600 Shares of Wayfair Inc. (NYSE:W)

Two Sigma Advisers LP lifted its holdings in Wayfair Inc. (NYSE:W - Free Report) by 195.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 412,000 shares of the company's stock after purchasing an additional 272,600 shares during the period. Two Sigma Advisers LP owned 0.33% of Wayfair worth $18,260,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. True Wealth Design LLC increased its stake in Wayfair by 207.1% during the fourth quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after acquiring an additional 381 shares during the period. Toronto Dominion Bank bought a new position in Wayfair during the fourth quarter valued at about $1,536,000. Scientech Research LLC boosted its holdings in Wayfair by 11.0% during the fourth quarter. Scientech Research LLC now owns 27,184 shares of the company's stock valued at $1,205,000 after purchasing an additional 2,700 shares in the last quarter. Sherbrooke Park Advisers LLC boosted its holdings in Wayfair by 25.9% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 11,083 shares of the company's stock valued at $491,000 after purchasing an additional 2,281 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its holdings in Wayfair by 142.3% during the fourth quarter. Polar Asset Management Partners Inc. now owns 151,653 shares of the company's stock valued at $6,721,000 after purchasing an additional 89,053 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group decreased their price objective on Wayfair from $68.00 to $58.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Stifel Nicolaus decreased their price objective on Wayfair from $46.00 to $29.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Jefferies Financial Group raised Wayfair from a "hold" rating to a "buy" rating and lifted their price objective for the company from $45.00 to $47.00 in a report on Friday, March 7th. Needham & Company LLC reaffirmed 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 objective on Wayfair from $50.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wayfair has a consensus rating of "Moderate Buy" and an average price target of $43.83.

Wayfair Price Performance

W stock traded up $3.31 during midday trading on Tuesday, reaching $39.51. 1,530,468 shares of the stock were exchanged, compared to its average volume of 4,726,673. The stock has a market capitalization of $5.07 billion, a PE ratio of -9.83 and a beta of 2.93. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $62.43. The company has a fifty day moving average price of $31.77 and a 200 day moving average price of $39.78.

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

Insiders Place Their Bets

In related news, insider Jon Blotner sold 19,257 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total transaction of $610,061.76. Following the transaction, the insider now directly owns 78,308 shares of the company's stock, valued at approximately $2,480,797.44. This represents a 19.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kate Gulliver sold 19,296 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 144,474 shares in the company, valued at approximately $4,575,491.58. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,330 shares of company stock valued at $3,377,506. 21.91% of the stock is currently owned by company insiders.

About Wayfair

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.