Wayfair Inc. (NYSE:W) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its stake in Wayfair Inc. (NYSE:W - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,704 shares of the company's stock after selling 70,014 shares during the period. Nuveen Asset Management LLC owned about 0.20% of Wayfair worth $10,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in W. SG Americas Securities LLC raised 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 worth $558,000 after buying an additional 9,255 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Wayfair in the 4th quarter valued at $220,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Wayfair by 27.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 206,661 shares of the company's stock worth $9,221,000 after acquiring an additional 45,138 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Wayfair in the fourth quarter worth $48,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of Wayfair by 118.8% during the fourth quarter. Vontobel Holding Ltd. now owns 11,927 shares of the company's stock worth $529,000 after purchasing an additional 6,477 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors.

Wayfair Price Performance

Shares of W stock traded down $1.50 during trading hours on Friday, hitting $41.28. The company had a trading volume of 4,275,649 shares, compared to its average volume of 4,759,142. The stock has a market capitalization of $5.30 billion, a PE ratio of -10.27 and a beta of 2.93. The company's fifty day moving average is $32.23 and its 200 day moving average is $39.84. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $62.43.

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, beating analysts' consensus estimates 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 in the previous year, the firm posted ($0.32) earnings per share. The company's quarterly revenue was up .0% compared to the same quarter last year. Equities analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reduced their price objective on Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group upgraded Wayfair from a "hold" rating to a "buy" rating and lifted their price target for the company from $45.00 to $47.00 in a research report on Friday, March 7th. Piper Sandler set a $58.00 price objective on Wayfair and gave the stock an "overweight" rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft lowered shares of Wayfair from a "buy" rating to a "hold" rating and set a $25.00 target price for the company. in a report on Monday, April 14th. Finally, Canaccord Genuity Group decreased their target price on shares of Wayfair from $68.00 to $58.00 and set a "buy" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Wayfair currently has an average rating of "Moderate Buy" and a consensus price target of $43.83.

Insider Buying and Selling at Wayfair

In other news, insider Steven Conine sold 73,095 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $40.40, for a total transaction of $2,953,038.00. Following the completion of the transaction, the insider now directly owns 469,073 shares of the company's stock, valued at approximately $18,950,549.20. The trade was a 13.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Niraj Shah sold 9,527 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $40.04, for a total transaction of $381,461.08. Following the completion of the sale, the chief executive officer now directly owns 549,610 shares in the company, valued at approximately $22,006,384.40. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 242,915 shares of company stock valued at $9,258,415 in the last three months. 21.91% of the stock is owned by corporate 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.